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Regarding 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 relating to imposition, abolition, remission, alteration or regulation of any tax.
- b)A Money Bill has 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 regulation of borrowing of money or giving of any guarantee by the Government of India.
Correct answer is option 'C'. Can you explain this answer?
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Regarding Money Bill, which of the following statements is not correct...
Money Bills in India
A Money Bill is a type of bill introduced in the Indian Parliament which deals with financial matters, such as taxation, government expenditure, and borrowing. Money Bills are defined under Article 110 of the Indian Constitution. Here are some facts about Money Bills:
Provisions of a Money Bill:
- A bill shall be deemed to be a Money Bill if it contains only provisions relating to imposition, abolition, remission, alteration, or regulation of any tax.
- A Money Bill also has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
- A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India.
Incorrect statement:
- A Money Bill is concerned with the appropriation of moneys out of the Contingency Fund of India. (This statement is incorrect.)
Explanation:
The correct statement is that a Money Bill is not concerned with the appropriation of moneys out of the Contingency Fund of India. The Contingency Fund of India is a fund established to meet unforeseen expenditures by the government. Any bill that seeks to appropriate money out of the Contingency Fund of India cannot be deemed as a Money Bill. The reason for this is that Money Bills are a special category of bills that can only be introduced in the Lok Sabha (the lower house of Parliament), and are subject to a special procedure under the Constitution. The Rajya Sabha (the upper house of Parliament) has no power to amend or reject a Money Bill; it can only recommend changes, which the Lok Sabha may or may not accept. Since the Contingency Fund of India is not related to taxation, expenditure, or borrowing, it cannot be included in a Money Bill.
A Money Bill is a type of bill introduced in the Indian Parliament which deals with financial matters, such as taxation, government expenditure, and borrowing. Money Bills are defined under Article 110 of the Indian Constitution. Here are some facts about Money Bills:
Provisions of a Money Bill:
- A bill shall be deemed to be a Money Bill if it contains only provisions relating to imposition, abolition, remission, alteration, or regulation of any tax.
- A Money Bill also has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
- A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India.
Incorrect statement:
- A Money Bill is concerned with the appropriation of moneys out of the Contingency Fund of India. (This statement is incorrect.)
Explanation:
The correct statement is that a Money Bill is not concerned with the appropriation of moneys out of the Contingency Fund of India. The Contingency Fund of India is a fund established to meet unforeseen expenditures by the government. Any bill that seeks to appropriate money out of the Contingency Fund of India cannot be deemed as a Money Bill. The reason for this is that Money Bills are a special category of bills that can only be introduced in the Lok Sabha (the lower house of Parliament), and are subject to a special procedure under the Constitution. The Rajya Sabha (the upper house of Parliament) has no power to amend or reject a Money Bill; it can only recommend changes, which the Lok Sabha may or may not accept. Since the Contingency Fund of India is not related to taxation, expenditure, or borrowing, it cannot be included in a Money Bill.
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Regarding Money Bill, which of the following statements is not correct...
Aadhar bill (AEPS) is marked as money bill. there was no such provision related to money but it contained government subsidies and direct benefits which can be availed from contingency fund of India.
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Regarding 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 relating to imposition, abolition, remission, alteration or regulation of any tax.b)A Money Bill has 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 regulation of borrowing of money or giving of any guarantee by the Government of India.Correct answer is option 'C'. Can you explain this answer?
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Regarding 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 relating to imposition, abolition, remission, alteration or regulation of any tax.b)A Money Bill has 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 regulation of borrowing of money or giving of any guarantee by the Government of India.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 Regarding 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 relating to imposition, abolition, remission, alteration or regulation of any tax.b)A Money Bill has 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 regulation of borrowing of money or giving of any guarantee by the Government of India.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 Regarding 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 relating to imposition, abolition, remission, alteration or regulation of any tax.b)A Money Bill has 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 regulation of borrowing of money or giving of any guarantee by the Government of India.Correct answer is option 'C'. Can you explain this answer?.
Regarding 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 relating to imposition, abolition, remission, alteration or regulation of any tax.b)A Money Bill has 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 regulation of borrowing of money or giving of any guarantee by the Government of India.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 Regarding 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 relating to imposition, abolition, remission, alteration or regulation of any tax.b)A Money Bill has 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 regulation of borrowing of money or giving of any guarantee by the Government of India.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 Regarding 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 relating to imposition, abolition, remission, alteration or regulation of any tax.b)A Money Bill has 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 regulation of borrowing of money or giving of any guarantee by the Government of India.Correct answer is option 'C'. Can you explain this answer?.
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