Which of the following is not true about 'vote-on-account'?


A) It is a budget presented in the Parliament to cover the deficit left by the last
budget


B) It does not allow the Government to set for the economic policies of the new
plan which starts from April 1.


C) It prevents the Government from imposing fresh taxes or withdrawing old one

D) This allows the Government to withdraw an amount for a period with the
consent of Parliament.


Correct Answer:
A) It is a budget presented in the Parliament to cover the deficit left by the last
budget


Part of solved Fiscal System questions and answers : General Knowledge >> Economy >> Fiscal System








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