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The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.

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Question 1 of 5

1. Question

Consider the following pairs

Grant	Feature
Vote of Credit	Must be approved by the Public Accounts Committee of Parliament before submitted to the Lok Sabha for voting
Exceptional Grant	Blank cheque given to the Executive by the Lok Sabha
Excess Grant	Granted for a special purpose and forms no part of the current service of any financial year

How many of the above given pairs is/are correctly matched?

a) Only one
b) Only two
c) All three
d) None

Correct

Solution (d)

Option d

Correct

Supplementary Demand for Grants

· It is needed 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.

· This grant is presented and passed by the Parliament before the end of the financial year.

· Additional Grant: It 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.

· Excess Grant: It is granted 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. It is voted by the Lok Sabha after the financial year. Before the demands for excess grants are submitted to the Lok Sabha for voting, they must be approved by the Public Accounts Committee of Parliament.

· Vote of Credit: It is granted for meeting an unexpected demand upon the resources of India, when on account of the magnitude or the indefinite character of the service, the demand cannot be stated with the details ordinarily given in a budget.

· Hence, it is like a blank cheque given to the Executive by the Lok Sabha.

· Exceptional Grant: It is granted for a special purpose and forms no part of the current service of any financial year.

· Token Grant: It is granted when funds to meet the proposed expenditure on a new service can be made available by reappropriation.

· A demand for the grant of a token sum (of Re 1) is submitted to the vote of the Lok Sabha and if assented, funds are made available.

· Reappropriation involves transfer of funds from one head to another. It does not involve any additional expenditure.

Context: The Supplementary Demands for Grants (SDG) are likely to see additional allocations for fertliser, food, and fuel subsidies, along with the Rural Employment Guarantee Scheme.

Incorrect