Indian Polity · Polity
What is a 'Vote on Account' in the context of the Indian Parliament?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A statutory provision that allows the government to borrow funds from the Reserve Bank of India
- 2An advance grant approved by the Lok Sabha for expenditure for a part of the financial year pending the passage of the budget✓
- 3A budget proposal concerning only the revenue receipts of the government
- 4A grant given by the Parliament for unexpected demand upon the resources of India
Correct answer
An advance grant approved by the Lok Sabha for expenditure for a part of the financial year pending the passage of the budget
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