UPSC Civil Services 2011 Prelims General Studies Paper I

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Question : 74 of 100
 
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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 budget, while an “interim budget’’ includes both expenditure and receipts
Which of the statements given above is/are correct?
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