Preliminary Exam General Studies August 14

1. 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?