Vote on Account means:
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Budget presented in the Parliament to cover the Deficit left by the last budget
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Allowing the Government to withdraw an amount for a period with the consent of Parliament
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The Speaker exercising his vote when the parliament is divided equally on any issue
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Vote for a bill after RBI sanctions it
Reveal answer
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B
Correct answer
Explanation
Vote on Account is a special provision allowing the government to withdraw money from the Consolidated Fund to meet essential expenditures for a limited period (usually 2-3 months) when the full budget cannot be passed immediately. This happens during elections or transition periods. It is not about deficits, the Speaker's vote, or RBI sanctions. The amount is typically limited to 1/6th of the previous year's budget.