Management Finance - Part 1

A Vote of Credit is conceptually different from a Vote on Account because it is intended primarily for:

Type: MCQ • Marks: 1
A Vote of Credit is conceptually different from a Vote on Account because it is intended primarily for:
Options
A. Routine expenditure of departments
B. Meeting an unexpected demand of such magnitude or indefinite character that ordinary budgetary details cannot be stated
C. Annual salary payments
D. Routine tax refunds
Explanation
A Vote of Credit is an exceptional constitutional mechanism for extraordinary and uncertain demands, historically associated with situations such as war.
UPSC Principal & Vice Principal Management Finance Administration

Practice more

This page is indexed for search so students can find questions directly from Google.

View full Test Series Browse Test Series
Login / Register
Go Back Top