Consider the following statements with reference to Financial Grants:
- Supplementary grant 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.
- Additional grant is granted when a need has arisen during the current financial year for additional expenditure upon some new service not contemplated in the budget for that year.
- Token grant is granted when funds to meet the proposed expenditure on a new service can be made available by re-appropriation.
Which of the statement(s) given above is/are correct? Choose the correct answer from the codes given below:
1 and 2
2 and 3
1 and 3
1, 2 and 3