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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's budget, while and 'Interim Budget' includes both expenditure and receipts.
Which of the statements given above is /are correct ?
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- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Correct Option: B
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