Here is Question No. 31 a part of our series on UPSC Prelims 2018
Q31. Regarding the Money Bill, which of the following statements is not correct?
(a) A bill shall be deemed to be a Money Bill if it contains only provisions related to imposition, abolition, remission, alteration or regulation of any tax.
(b) A Money Bill has the provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
(c) A Money Bill is concerned with the appropriation of moneys out of the Contingency Fund of India.
(d) A Money Bill deals with the regulations of borrowings of money or giving of any guarantee by the Government of
India.
Answer: C
Article 110 of the Constitution deals with the definition of Money Bills. It states that a bill is deemed to be a Money Bill if it contains ‘only’ provisions dealing with all or any of the
following matters:
● The imposition, abolition, remission, alteration, or regulation of any tax.
● The regulation of the borrowing of money by the Union government.
● The custody of the Consolidated Fund of India or the Contingency Fund of India, the payment of moneys into or the withdrawal of money from any such fund.
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