2017 · Q39
Which of the following pair(s) is/are correctly matched?
- 1Rule of lapse: Part of grant that can be carried over to next year
- 2Supplementary grant: An advance grant to meet expenditures
- 3Vote on account: Additional funds granted in the course of financial year
Select the correct answer using the code given below:
indian-polity-economyeconomy-fundamentals
- A1 only
- B1 and 2
- C2 and 3
- DNone of the above
Explanation
Under the rule of lapse, grants unspent at the end of the financial year lapse and cannot be carried forward – so pair 1 is wrongly matched. A supplementary grant meets additional expenditure arising during the year, while a vote on account is the advance grant for part of the year – so pairs 2 and 3 are interchanged. None of the pairs is correctly matched, giving (D).