Current Affairs Question - 23 March 2021


National Government Budgeting

Grants And Funds In Indian Budget


Consider the following statements:

  1. 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.
  2. The Comptroller and Auditor General (CAG) brings the demand for an excess grant to the notice of Parliament through a report on appropriation account.
  3. Additional Grant is granted when a need has arisen during the current financial year for supplementary or additional expenditure upon some new service not contemplated in the Budget for that year.

Which of the statement(s) is/are correct?

A
Only 1
B
2 and 3
C
1 and 3
D
1,2 and 3

Submit