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What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2?
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What is the difference between " vote on account" and "interim budget"...
VOTE ON ACCOUNT:
A vote on account is a provision used by a regular government to obtain approval from the Parliament for a limited period to meet the government's expenditure before the full budget is presented. It is essentially an interim measure to provide funds for the government to carry out its routine and essential functions until the full budget is passed. The vote on account is presented by the government in power before the expiry of the financial year, usually a few months before the general budget is presented.
INTERIM BUDGET:
An interim budget, on the other hand, is a provision used by a caretaker government. A caretaker government is formed during the period between the dissolution of the Parliament and the formation of a new government after elections. During this interim period, the caretaker government presents an interim budget, which includes both expenditure and receipts. It is intended to keep the government functioning and meet essential expenses until a new government is formed and a full budget is presented.
DIFFERENCES:
1. Government Type: The provision of "vote on account" is used by a regular government, while an "interim budget" is a provision used by a caretaker government.
2. Scope: A "vote on account" only deals with the expenditure in the government's budget, while an "interim budget" includes both expenditure and receipts.
CONCLUSION:
Both the statements provided in the question are correct. The vote on account is used by a regular government to approve expenditure for a limited period before the full budget is presented, while an interim budget is presented by a caretaker government during the interim period between the dissolution of the Parliament and the formation of a new government. The interim budget includes both expenditure and receipts to keep the government functioning until a new government is formed.
A vote on account is a provision used by a regular government to obtain approval from the Parliament for a limited period to meet the government's expenditure before the full budget is presented. It is essentially an interim measure to provide funds for the government to carry out its routine and essential functions until the full budget is passed. The vote on account is presented by the government in power before the expiry of the financial year, usually a few months before the general budget is presented.
INTERIM BUDGET:
An interim budget, on the other hand, is a provision used by a caretaker government. A caretaker government is formed during the period between the dissolution of the Parliament and the formation of a new government after elections. During this interim period, the caretaker government presents an interim budget, which includes both expenditure and receipts. It is intended to keep the government functioning and meet essential expenses until a new government is formed and a full budget is presented.
DIFFERENCES:
1. Government Type: The provision of "vote on account" is used by a regular government, while an "interim budget" is a provision used by a caretaker government.
2. Scope: A "vote on account" only deals with the expenditure in the government's budget, while an "interim budget" includes both expenditure and receipts.
CONCLUSION:
Both the statements provided in the question are correct. The vote on account is used by a regular government to approve expenditure for a limited period before the full budget is presented, while an interim budget is presented by a caretaker government during the interim period between the dissolution of the Parliament and the formation of a new government. The interim budget includes both expenditure and receipts to keep the government functioning until a new government is formed.
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What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2?
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What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2?.
What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2?.
Solutions for What is the difference between " vote on account" and "interim budget" ? (2011) 1. The provision of"vote on account " is used by a regular government, while an "interim budget" is a provision used by a caretaker government. 2. A "vote on account" only deals with the expenditure in Government's budget , while an "interim budget" includes both expenditure and receipts . Which of the statements ; given above is/are correct ? (a). 1 only (b). 2 only (c). Both 1 and 2 (d). Neither 1 or 2? in English & in Hindi are available as part of our courses for UPSC.
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