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Vote-on-account means
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- Statutory acceptance of planning bill
- Statutory acceptance of money bill
- Statutory acceptance of report of account checking and documents produced by CAG
- Statutory acceptance of expenditure related to demands of grants till the passage of planning bill
Correct Option: D
When the government needs to withdraw any money from the Consolidated Fund of India to cover its expenditure (especially during the time when elections are underway and a caretaker government is in place), it has to seek approval from the Parliament. A special provision is, therefore, made for a vote-on-account’ by which the government obtains the vote of Parliament for a sum sufficient to incur expenditure on various items for a part of the year. This sanction of Parliament for withdrawal of money from the Consolidated Fund of India to meet the government’s expenses is generally known as a vote-on-account.
