Vote-on-account means

(A) Statutory acceptance of planning bill
(B) Statutory acceptance of money bill
(C) Statutory acceptance of report of account checking and documents produced by CAG
(D) Statutory acceptance of expenditure related to demands of grants till the passage of planning bill

Correct Answer : Statutory acceptance of expenditure related to demands of grants till the passage of planning bill
Question Asked : SSC Section Officer (Commercial Audit) Exam 2005
Explanation : When the government needs to withdraw any money from the Consolidated Fund of India to cover its expenditure (especially during the time when elections are underway and a caretaker government is in place), it has to seek approval from the Parliament. A special provision is, therefore, made for a vote-on-account’ by which the government obtains the vote of Parliament for a sum sufficient to incur expenditure on various items for a part of the year. This sanction of Parliament for withdrawal of money from the Consolidated-Fund of India to meet the government’s expenses is generally known as a vote-on-account.
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