Under which article of the constitution money bill has been defined?a)Article 109b)Article 110c)Article 111d)Both (a) and (b)e)None of the above/More than one of the aboveCorrect answer is option 'B'. Can you explain this answer?

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Under which article of the constitution money bill has been defined?

a)
Article 109
b)
Article 110
c)
Article 111
d)
Both (a) and (b)
e)
None of the above/More than one of the above

Correct answer is option 'B'. Can you explain this answer?

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Most Upvoted Answer

Under which article of the constitution money bill has been defined?a)...

Money Bill has been defined in Article 110.
The money bill can be kept by the Rajya Sabha only for 14 days.
There is no provision for a joint session with respect to a money bill.
The President cannot return the Money Bill for reconsideration.
Prior permission of the President is necessary before introducing both the Finance Bill and the Money Bill in the Lok Sabha.
Whether a Bill is a Money Bill or not, is decided by the Speaker of the Lok Sabha under Article 110 (3) of the Constitution, and his decision is final.
The President cannot return the Money Bill for reconsideration.

IMPORTANT FACTS -
According to Article 110, a Bill shall be deemed to be a Money Bill which shall contain any or all of the following provisions -

The abolition, remission, alteration or regulation of the imposition of any tax.
The regulation of the borrowing of money or the giving of any guarantee by the Government of India or the amendment of the law relating to any financial obligations taken or likely to be incurred by the Government of India.
The custody of the Consolidated Fund or Contingency Fund of India, depositing money in or withdrawing money from any such fund.
The appropriation of moneys out of the Consolidated Fund of India.
To declare any expenditure to be an expenditure charged on the Consolidated Fund of India or to increase the amount of any such expenditure.
Receiving money from the Consolidated Fund of India or the Public Account of India or the custody or issue of such money or the audit of the accounts of the Union or a State.
Any matter incidental to any of the matters specified in sub-sections (a) to (f).

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Community Answer

Under which article of the constitution money bill has been defined?a)...

Money Bill has been defined in Article 110.
The money bill can be kept by the Rajya Sabha only for 14 days.
There is no provision for a joint session with respect to a money bill.
The President cannot return the Money Bill for reconsideration.
Prior permission of the President is necessary before introducing both the Finance Bill and the Money Bill in the Lok Sabha.
Whether a Bill is a Money Bill or not, is decided by the Speaker of the Lok Sabha under Article 110 (3) of the Constitution, and his decision is final.
The President cannot return the Money Bill for reconsideration.

IMPORTANT FACTS -
According to Article 110, a Bill shall be deemed to be a Money Bill which shall contain any or all of the following provisions -

The abolition, remission, alteration or regulation of the imposition of any tax.
The regulation of the borrowing of money or the giving of any guarantee by the Government of India or the amendment of the law relating to any financial obligations taken or likely to be incurred by the Government of India.
The custody of the Consolidated Fund or Contingency Fund of India, depositing money in or withdrawing money from any such fund.
The appropriation of moneys out of the Consolidated Fund of India.
To declare any expenditure to be an expenditure charged on the Consolidated Fund of India or to increase the amount of any such expenditure.
Receiving money from the Consolidated Fund of India or the Public Account of India or the custody or issue of such money or the audit of the accounts of the Union or a State.
Any matter incidental to any of the matters specified in sub-sections (a) to (f).

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Under which article of the constitution money bill has been defined?a)Article 109b)Article 110c)Article 111d)Both (a) and (b)e)None of the above/More than one of the aboveCorrect answer is option 'B'. Can you explain this answer?

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