Grants
- Supplimentry Grant
- AdditionL Grant
- Excess Grant
- Execeptional Grant
- Vote of Credit
Meaning
- It is made for expenditure on some new service not contemplated in the budget for that year.
- When money has been spent on any service during a financial year in excess of the amount granted for that service in the budget for that year
- Granted for special purpose and forms no part of the current service of any financial year.
- It is granted when the amount authorised by the parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year.
- Granted for meeting an unexpected demand.
Correct Answers
1. It is granted when the amount authorised by the parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year.
2. It is made for expenditure on some new service not contemplated in the budget for that year.
3. When money has been spent on any service during a financial year in excess of the amount granted for that service in the budget for that year
4. Granted for special purpose and forms no part of the current service of any financial year.
5. Granted for meeting an unexpected demand.