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UPSC Prelims 2011Question 74Economy

What is the difference between “vote-on-account” and “interim budget” ? 1. The provision of a “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 ?

Options

  1. (a)1 only
  2. (b)2 only
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2

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