The correct answer is (a), (b) and (c). Explanation & Key Takeaways: • Vote on account- Vote on Account deals only with the expenditure side of the government budget. • So voting on the account is just interim permission to spend money as against a full Budget which is an elaborate financial statement of expenditure and receipts including changes in taxes and government policies. • According to Article 266 of the Constitution, drawing money from the Consolidated Fund of India requires Parliamentary permission. • Furthermore, Article 114 (3) of the Constitution states that no money can be taken from the Consolidated Fund until a law is passed (i.e. Appropriation bill). • The passage of an appropriation bill is a lengthy process that normally lasts until the end of April. • However, the government would require funds to continue its routine operations after March 31st (the end of the financial year). • To address this practical issue, Article 116 of the Constitution allows the Lok Sabha to make any grant in advance for expected spending for a portion of the fiscal year, awaiting the conclusion of the vote on grant demands and the adoption of the appropriation bill. • This is known as the 'vote on account' clause. • A 'Vote on Account' is not the same as an interim budget. • An Interim Budget is a comprehensive set of accounts, covering both expenditure and receipts, as opposed to a 'Vote on Account,' which solely deals with the expenditure side of the government's budget. • An Interim Budget gives a complete financial statement, similar to a full budget.