Question
What is the difference between ‘vote-on account’ and ‘interim budget’?
I. The provision of a vote-on-account is used by a regular government, while interim budget is provision used by a caretaker government.
II. A vote-on-account only deals with the expenditure in government’s budget while an interim budget include both expenditure and receipts
Which of the following statement (s) given above are correct?
A
Only I
B
Only II
C
Both I and II
D
Neither I nor II
View Answer
Answer & Explanation
Answer: Both I and II