UPSC Exam > UPSC Questions > With reference to Indian Parliament, which on...
Start Learning for Free
With reference to Indian Parliament, which one of the following is not correct?
- a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.
- b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.
- c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.
- d)No Money Bill can be introduced except on the recommendation of the President.
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
With reference to Indian Parliament, which one of the following is not...
An Appropriation Bill is a law authorizing the Govt. to incur expenditure from and out of the consolidated fund of India. Art. 114 provides the procedure to be followed for introducing the Bill and the procedure to be followed thereafter. Like any other Bill, it has to be passed by both the Houses in order to become a law. Art.117 provides that any bill which would involve expenditure from the consolidated fund of India shall not be passed by either House unless the President has recommended the consideration of the Bill. Finance Bills are also money bills and they are required for proposing new taxes as well as for making alterations in the regulation of any tax as mandated by Art.110.
Most Upvoted Answer
With reference to Indian Parliament, which one of the following is not...
The correct answer is option 'C': Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.
Explanation:
The statement in option 'C' is not correct. In the Indian Parliament, a separate Bill/Act is required for making changes in the rates of taxes that are already under operation. Let's understand the functioning of the Indian Parliament in relation to taxation and financial matters:
1. Appropriation Bill:
- The Appropriation Bill is a type of Money Bill that authorizes the government to withdraw funds from the Consolidated Fund of India for meeting its expenses.
- This Bill must be passed by both the Houses of Parliament (Lok Sabha and Rajya Sabha) before it can be enacted as a law.
- It specifies the grants and appropriations for various government departments and agencies.
2. Consolidated Fund of India:
- The Consolidated Fund of India is the main account of the government where all revenues received and loans raised by the government are credited.
- No money can be withdrawn from this fund except under the appropriation made by the Appropriation Act.
3. Finance Bill:
- The Finance Bill is presented by the Finance Minister of India and contains provisions related to taxation, expenditure, and other financial matters for the upcoming financial year.
- It proposes new taxes, amendments to existing tax laws, and changes in the rates of taxes.
- The Finance Bill must be passed by both Houses of Parliament to become an Act of Parliament.
- Amendments related to taxation and financial matters can only be made through the Finance Bill.
From the above explanation, it is clear that a separate Bill/Act is required for making changes in the rates of taxes that are already under operation. Therefore, option 'C' is not correct.
Explanation:
The statement in option 'C' is not correct. In the Indian Parliament, a separate Bill/Act is required for making changes in the rates of taxes that are already under operation. Let's understand the functioning of the Indian Parliament in relation to taxation and financial matters:
1. Appropriation Bill:
- The Appropriation Bill is a type of Money Bill that authorizes the government to withdraw funds from the Consolidated Fund of India for meeting its expenses.
- This Bill must be passed by both the Houses of Parliament (Lok Sabha and Rajya Sabha) before it can be enacted as a law.
- It specifies the grants and appropriations for various government departments and agencies.
2. Consolidated Fund of India:
- The Consolidated Fund of India is the main account of the government where all revenues received and loans raised by the government are credited.
- No money can be withdrawn from this fund except under the appropriation made by the Appropriation Act.
3. Finance Bill:
- The Finance Bill is presented by the Finance Minister of India and contains provisions related to taxation, expenditure, and other financial matters for the upcoming financial year.
- It proposes new taxes, amendments to existing tax laws, and changes in the rates of taxes.
- The Finance Bill must be passed by both Houses of Parliament to become an Act of Parliament.
- Amendments related to taxation and financial matters can only be made through the Finance Bill.
From the above explanation, it is clear that a separate Bill/Act is required for making changes in the rates of taxes that are already under operation. Therefore, option 'C' is not correct.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer?
Question Description
With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer?.
With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer?.
Solutions for With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice With reference to Indian Parliament, which one of the following is not correct?a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted as a law.b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.c)Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.d)No Money Bill can be introduced except on the recommendation of the President.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup