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Money Bill is not defined as
  • a)
    Regulation of the borrowings of money or giving of guarantee by the Government of India.
  • b)
    Bill containing taxation clause, but not solely dealing with taxation.
  • c)
    Appropriation of money out of the Consolidated Fund of India (CFI).
  • d)
    Declaring any expenditure as 'Charged' on the CFI.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Money Bill is not defined asa)Regulation of the borrowings of money or...
Ans: b
Explanation: Money Bill as defined under Article 110 of the Constitution is any Bill dealing with all or any of the matters enumerated from (a) to (g) of the same Article shall be a Money Bill. These are:
  1. Imposition, abolition, remission, alteration or regulation of any tax.
  2. Regulation of the borrowings of money or giving of guarantee by the Government of India.
  3. Custody of the Consolidated or Contingency Fund of India, payment into or withdrawal of money from any such fund.
  4. Appropriation of money out of the Consolidated Fund of India (CFI).
  5. Declaring any expenditure as 'Charged' on the CFI.
  6. Receipt or issue of money from the CFI and audit of the accounts of the Union or the States.
  7. Any matter incidental to any of the matter specified in the sub-clauses (a) to (f).
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Money Bill is not defined asa)Regulation of the borrowings of money or giving of guarantee by the Government of India.b)Bill containing taxation clause, but not solely dealing with taxation.c)Appropriation of money out of the Consolidated Fund of India (CFI).d)Declaring any expenditure as 'Charged' on the CFI.Correct answer is option 'B'. Can you explain this answer?
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