What is the difference between “vote-on-account” and ‘interim budget’?

1. The provision of a ‘vote on account’ is used by a regular Government, while an ‘interim budget’ is a provision used by a caretaker Government.
2. A ‘vote-an-account’ only deals with the expenditure in Government’s budget, while an ‘interim budget’ includes both expenditure and receipts.

Select the correct statement using the codes given below.
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of the above

Answer: (b)
Explanation: Statement 1 is not correct as caretaker government is the government which is ready to go, it does not present the Interim Budget.
The interim budget is presented by the incoming government or new government which has different fiscal and revenue plans from the outgoing government.
Vote on account – It deals only with the expenditure side of the government budget, It is only two or three months.