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Regarding Money Bill, which of the following statements is not correct? (2018)
- a)A bill shall be deemed to be money bill if it contains only provisions related 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 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 correc...
A110. Definition of Money Bill (1) For the purposes of this Chapter, a Bill shall be deemed to be a Money Bill if it contains only provisions dealing with all or any of the following matters, namely Options~ (a) the imposition, abolition, remission, alteration or regulation of any tax; (b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India; (c) the custody of the Consolidated Fund or the Contingency Fund of India, the payment of money into or the withdrawal of money from any such Fund; (d) the appropriation of money out of the consolidated Fund of India (not Contingency Fund of India). So, C is incorrect.
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Regarding Money Bill, which of the following statements is not correc...
Explanation:
Money Bills are a type of financial bill that are introduced in the Lok Sabha and are concerned with financial matters. The Rajya Sabha has limited powers to make changes to a Money Bill and can only make recommendations, which the Lok Sabha may accept or reject.
The correct statement regarding Money Bills is:
c) A Money Bill is concerned with appropriation of moneys out of the Contingency Fund of India.
This statement is incorrect as a Money Bill does not deal with the appropriation of moneys out of the Contingency Fund of India. The Contingency Fund of India is a reserve fund that is available to the President of India to meet unforeseen expenses or emergencies.
The other statements regarding Money Bills are:
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. This statement is correct as a Money Bill must contain provisions related to taxation.
b) A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India. This statement is correct as Money Bills can contain provisions related to the custody of these funds.
d) A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India. This statement is correct as Money Bills can contain provisions related to the regulation of borrowing or giving guarantees by the Government of India.
In summary, a Money Bill is a type of financial bill that is introduced in the Lok Sabha and deals with financial matters. It must contain provisions related to taxation and can also contain provisions related to the custody of funds, regulation of borrowing, or giving guarantees by the Government of India. However, it does not deal with the appropriation of moneys out of the Contingency Fund of India.
Money Bills are a type of financial bill that are introduced in the Lok Sabha and are concerned with financial matters. The Rajya Sabha has limited powers to make changes to a Money Bill and can only make recommendations, which the Lok Sabha may accept or reject.
The correct statement regarding Money Bills is:
c) A Money Bill is concerned with appropriation of moneys out of the Contingency Fund of India.
This statement is incorrect as a Money Bill does not deal with the appropriation of moneys out of the Contingency Fund of India. The Contingency Fund of India is a reserve fund that is available to the President of India to meet unforeseen expenses or emergencies.
The other statements regarding Money Bills are:
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. This statement is correct as a Money Bill must contain provisions related to taxation.
b) A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India. This statement is correct as Money Bills can contain provisions related to the custody of these funds.
d) A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India. This statement is correct as Money Bills can contain provisions related to the regulation of borrowing or giving guarantees by the Government of India.
In summary, a Money Bill is a type of financial bill that is introduced in the Lok Sabha and deals with financial matters. It must contain provisions related to taxation and can also contain provisions related to the custody of funds, regulation of borrowing, or giving guarantees by the Government of India. However, it does not deal with the appropriation of moneys out of the Contingency Fund of India.
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Regarding Money Bill, which of the following statements is not correct? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect answer is option 'C'. Can you explain this answer?
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Regarding Money Bill, which of the following statements is not correct? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect 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? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect 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? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect answer is option 'C'. Can you explain this answer?.
Regarding Money Bill, which of the following statements is not correct? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect 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? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect 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? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect answer is option 'C'. Can you explain this answer?.
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Regarding Money Bill, which of the following statements is not correct? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Regarding Money Bill, which of the following statements is not correct? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Regarding Money Bill, which of the following statements is not correct? (2018)a) A bill shall be deemed to be money bill if it contains only provisions related 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 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 IndiaCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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