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Consider the following statements.
- Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India.
- A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory.
- While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha
- Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.
How many of the above statements are correct?
- a)Only One
- b)Only two
- c)Only three
- d)All four
Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements. Article 110 of the Constitution of ...
- Article 110 defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India, among others, whereas Article 109 delineates the procedure for the passage of such a Bill and confers an overriding authority on the Lok Sabha in the passage of Money Bills.
- A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s (Upper House) recommendations, the former does not make their inclusion mandatory. The Lok Sabha has the right to reject the Rajya Sabha’s recommendations when it comes to Money Bills.
- What differentiates a Money Bill from any ordinary Bill or Financial Bill is that while an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha, as laid down in Article 117 (1). Additionally, no one can introduce or move Money Bills in the Lok Sabha, except on the President’s recommendation. Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.
- The two prerequisites for any financial Bill to become a Money Bill are that first, it must only be introduced in the Lok Sabha and not the Rajya Sabha. Secondly, these bills can only be introduced on the President’s recommendation.
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Consider the following statements. Article 110 of the Constitution of ...
Statement: "Money Bill". It outlines the characteristics and procedures related to the passing of a Money Bill in the Indian Parliament.
Article 110 of the Constitution of India does indeed define a "Money Bill". It states that a Bill can be classified as a Money Bill if it contains provisions related to matters such as the imposition, abolition, remission, alteration, or regulation of any tax; the regulation of borrowing by the government; the custody of the Consolidated Fund or Contingency Fund of India; the appropriation of money from the Consolidated Fund; or any matter incidental to the above.
Furthermore, Article 110 specifies that a Bill can only be categorized as a Money Bill if it fulfills all the following criteria:
1. It deals solely with matters mentioned in Article 110(1).
2. It does not include any provisions unrelated to the matters mentioned in Article 110(1).
3. It does not include any provisions that would alter the amounts or incidence of any tax.
4. It does not include any provisions that would increase the expenditure from the Consolidated Fund of India.
5. It does not include any provisions that would impose, increase, or abolish any tax.
If a Bill meets all of these criteria, it can be introduced as a Money Bill in the Lok Sabha (the lower house of the Parliament of India). However, it is important to note that the final decision on whether a Bill is a Money Bill or not is made by the Speaker of the Lok Sabha, whose decision is final and cannot be questioned in any court of law.
The classification of a Bill as a Money Bill is significant because it affects the legislative process. Unlike other Bills, a Money Bill can only be introduced in the Lok Sabha and not in the Rajya Sabha (the upper house of the Parliament). Additionally, a Money Bill does not require the approval of the Rajya Sabha and can be deemed to have been passed by both houses if it is passed by the Lok Sabha and sent to the Rajya Sabha within 14 days, regardless of whether the Rajya Sabha approves it or not.
Article 110 of the Constitution of India does indeed define a "Money Bill". It states that a Bill can be classified as a Money Bill if it contains provisions related to matters such as the imposition, abolition, remission, alteration, or regulation of any tax; the regulation of borrowing by the government; the custody of the Consolidated Fund or Contingency Fund of India; the appropriation of money from the Consolidated Fund; or any matter incidental to the above.
Furthermore, Article 110 specifies that a Bill can only be categorized as a Money Bill if it fulfills all the following criteria:
1. It deals solely with matters mentioned in Article 110(1).
2. It does not include any provisions unrelated to the matters mentioned in Article 110(1).
3. It does not include any provisions that would alter the amounts or incidence of any tax.
4. It does not include any provisions that would increase the expenditure from the Consolidated Fund of India.
5. It does not include any provisions that would impose, increase, or abolish any tax.
If a Bill meets all of these criteria, it can be introduced as a Money Bill in the Lok Sabha (the lower house of the Parliament of India). However, it is important to note that the final decision on whether a Bill is a Money Bill or not is made by the Speaker of the Lok Sabha, whose decision is final and cannot be questioned in any court of law.
The classification of a Bill as a Money Bill is significant because it affects the legislative process. Unlike other Bills, a Money Bill can only be introduced in the Lok Sabha and not in the Rajya Sabha (the upper house of the Parliament). Additionally, a Money Bill does not require the approval of the Rajya Sabha and can be deemed to have been passed by both houses if it is passed by the Lok Sabha and sent to the Rajya Sabha within 14 days, regardless of whether the Rajya Sabha approves it or not.
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Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. 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 Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?.
Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. 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 Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements. Article 110 of the Constitution of India defines a “Money Bill” as one containing provisions dealing with taxes, regulation of the government’s borrowing of money, and expenditure or receipt of money from the Consolidated Fund of India. A major difference between money and Financial Bills is that while the latter has the provision of including the Rajya Sabha’s recommendations, the former does not make their inclusion mandatory. While an ordinary Bill can originate in either house, a Money Bill can only be introduced in the Lok Sabha Amendments relating to the reduction or abolition of any tax are exempt from the requirement of the President’s recommendation.How many of the above statements are correct?a)Only Oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
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