What is the term used in parliamentary terminology for the financial instrument that enables the executive to draw funds from the Consolidated Fund of India for a short period pending the voting of demands for grants?

💡 Solution & Explanation

A Vote on Account is a specialized financial mechanism authorized under Article 116 of the Constitution, enabling the executive to draw funds from the Consolidated Fund of India for a temporary period until the main budget and demands for grants are formally passed. Supplementary grants are used when current appropriations prove insufficient. This ensures uninterrupted government functioning during transition periods.