Multiple choice

Lok Sabha grants made in advance in respect of estimated expenditure is called

  1. Vote on account

  2. Grant-in-aids

  3. Vote on credit

  4. Advance grant
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A Correct answer
Explanation

A Vote on Account is a grant passed by Parliament in advance to enable the government to meet essential expenditure for a part of the financial year before the full budget is approved. It is usually passed during election years or when the complete budget cannot be presented in time. It authorizes expenditure for a limited period, typically 2-3 months.

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