Money Bills and Budget in India

Q. 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?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Q. Which month marks the beginning of the financial year in India?

1. January
2. June
3. October
4. April

Q. If any department requires more than the estimated allocation of money, it can ask for _______.

1. Complementary grants
2. Supplementary Grant
3. Vote on account
4. A new budget

Q. Money Bills are sent from the Lok Sabha to the Rajya Sabha after a round of voting. The Rajya Sabha has to return the bill within days.

1. 6
2. 14
3. 18
4. 24

Q. All the government revenue generated from taxes and earnings from state-run companies go into the Contingency Fund of India.

1. True
2. False

Q. _______ is the permission to withdraw money from the Consolidated Fund of India till the Budget is passed.

1. Vote on Account
2. Vote on Budget
3. Budget Vote
4. Vote on Bills