Q. Assume the amount authorized for a particular service for the current financial year is found to be insufficient for that year. In that case, which of the following grants is made by the parliament?
Q. Assume the amount authorized for a particular service for the current financial year is found to be insufficient for that year. In that case, which of the following grants is made by the parliament?
The correct option is A Supplementary Grant
Explanation:
In addition to the budget that contains the ordinary estimates of income and expenditure for one financial year, various other grants are made by the Parliament under extraordinary or special circumstances:
Supplementary Grant: It is granted when the amount authorized by the Parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year
Additional Grant: It is granted when a need has arisen during the current financial year for additional expenditure upon some new service not contemplated in the budget for that year.
Excess Grant It is granted when money has been spent on any service during a financial year in excess of the amount granted for that service in the budget for that year
Token Grant: It is granted when funds to meet the proposed expenditure on a new service can be made available by reappropriation.
Explanation:
In addition to the budget that contains the ordinary estimates of income and expenditure for one financial year, various other grants are made by the Parliament under extraordinary or special circumstances:
Supplementary Grant: It is granted when the amount authorized by the Parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year
Additional Grant: It is granted when a need has arisen during the current financial year for additional expenditure upon some new service not contemplated in the budget for that year.
Excess Grant It is granted when money has been spent on any service during a financial year in excess of the amount granted for that service in the budget for that year
Token Grant: It is granted when funds to meet the proposed expenditure on a new service can be made available by reappropriation.
