- Supplementary Grant: Insufficient funds for an approved service in the current year. - Excess Grant: Expenditure exceeded the grant in the previous financial year; needs regularization. - Vote of Credit: Unexpected demand, indefinite nature/ magnitude. - Token Grant: Funds for a new service available via re-appropriation.
Which one of the following pairs is correctly matched ?
Asked in UPSC Combined Section Officer 2024 · Topic: The Parliament (Budget in Parliament: Financial Procedures and Funds)
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Answer: B. Excess Grant - Voted by the Lok Sabha after the financial year
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