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Vote-on-account means
- a)statutory acceptance of Planning Bill
- b)statutory acceptance of Money Bill
- c)statutory acceptance of report of account checking and documents produced by CAG
- d)statutory acceptance of expenditure related to demands of grants. Till the passage of Planning Bill
Correct answer is option 'D'. Can you explain this answer?
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Vote-on-account meansa)statutory acceptance of Planning Billb)statutor...
Explanation:
A vote-on-account is a grant made in advance by the Parliament for a part of the estimated expenditure for the first few months of the financial year, pending the completion of the Budgetary process. The objective of the vote-on-account is to provide the government with funds to carry on until the budget is passed and the new government is formed. It is not a full Budget, but an estimate of the expenditure which the government is likely to incur in the first few months of the financial year.
Statutory Acceptance of Expenditure Related to Demands of Grants:
The vote-on-account is a statutory authorization given by the Parliament for the government to withdraw money from the Consolidated Fund of India to meet the expenditure related to the demands of grants. The demands of grants are the detailed estimates of the expenditure that the government is expected to incur during the financial year for various purposes such as salaries, pensions, subsidies, and grants.
Till the Passage of Planning Bill:
The vote-on-account is passed by the Parliament before the passage of the Annual Budget. It is valid only for a limited period, typically four months, and its purpose is to enable the government to carry out its essential functions until the full Budget is passed. The vote-on-account does not include any new schemes or projects and only provides for the continuation of the existing ones.
Conclusion:
In conclusion, the correct answer to the question is option D, statutory acceptance of expenditure related to demands of grants till the passage of the Planning Bill. The vote-on-account is a temporary measure that provides the government with funds to carry on until the full Budget is passed by the Parliament.
A vote-on-account is a grant made in advance by the Parliament for a part of the estimated expenditure for the first few months of the financial year, pending the completion of the Budgetary process. The objective of the vote-on-account is to provide the government with funds to carry on until the budget is passed and the new government is formed. It is not a full Budget, but an estimate of the expenditure which the government is likely to incur in the first few months of the financial year.
Statutory Acceptance of Expenditure Related to Demands of Grants:
The vote-on-account is a statutory authorization given by the Parliament for the government to withdraw money from the Consolidated Fund of India to meet the expenditure related to the demands of grants. The demands of grants are the detailed estimates of the expenditure that the government is expected to incur during the financial year for various purposes such as salaries, pensions, subsidies, and grants.
Till the Passage of Planning Bill:
The vote-on-account is passed by the Parliament before the passage of the Annual Budget. It is valid only for a limited period, typically four months, and its purpose is to enable the government to carry out its essential functions until the full Budget is passed. The vote-on-account does not include any new schemes or projects and only provides for the continuation of the existing ones.
Conclusion:
In conclusion, the correct answer to the question is option D, statutory acceptance of expenditure related to demands of grants till the passage of the Planning Bill. The vote-on-account is a temporary measure that provides the government with funds to carry on until the full Budget is passed by the Parliament.
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Vote-on-account meansa)statutory acceptance of Planning Billb)statutory acceptance of Money Billc)statutory acceptance of report of account checking and documents produced by CAGd)statutory acceptance of expenditure related to demands of grants. Till the passage of Planning BillCorrect answer is option 'D'. Can you explain this answer?
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Vote-on-account meansa)statutory acceptance of Planning Billb)statutory acceptance of Money Billc)statutory acceptance of report of account checking and documents produced by CAGd)statutory acceptance of expenditure related to demands of grants. Till the passage of Planning BillCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Vote-on-account meansa)statutory acceptance of Planning Billb)statutory acceptance of Money Billc)statutory acceptance of report of account checking and documents produced by CAGd)statutory acceptance of expenditure related to demands of grants. Till the passage of Planning BillCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Vote-on-account meansa)statutory acceptance of Planning Billb)statutory acceptance of Money Billc)statutory acceptance of report of account checking and documents produced by CAGd)statutory acceptance of expenditure related to demands of grants. Till the passage of Planning BillCorrect answer is option 'D'. Can you explain this answer?.
Vote-on-account meansa)statutory acceptance of Planning Billb)statutory acceptance of Money Billc)statutory acceptance of report of account checking and documents produced by CAGd)statutory acceptance of expenditure related to demands of grants. Till the passage of Planning BillCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Vote-on-account meansa)statutory acceptance of Planning Billb)statutory acceptance of Money Billc)statutory acceptance of report of account checking and documents produced by CAGd)statutory acceptance of expenditure related to demands of grants. Till the passage of Planning BillCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Vote-on-account meansa)statutory acceptance of Planning Billb)statutory acceptance of Money Billc)statutory acceptance of report of account checking and documents produced by CAGd)statutory acceptance of expenditure related to demands of grants. Till the passage of Planning BillCorrect answer is option 'D'. Can you explain this answer?.
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