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Which one of the following is not a provision related to a Money Bill?
The correct answer is Option 3.Key PointMoney BillArticle 110 of the Constitution deals with the Money Bills.It states that a bill is deemed to be a money bill if it contains only provisions dealing with all or any of the following matters:The regulation of the borrowing of money by the Union government;The custody of the Consolidated Fund of India or the contingency fund of India, the payment of money into or the withdrawal of money from any such fund. Hence, Statement 4 is correct.The appropriation of money out of the Consolidated Fund of India. Hence, Statement 2 is correct.Declaration of any expenditure charged on the Consolidated Fund of India or increasing the amount of any such expenditure.The receipt of money on account of 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 of a state; orAny matter incidental to any of the matters specified above.The imposition, abolition, remission, alteration, or regulation of any tax. Hence, Statement 1 is correct.A Bill shall not be deemed to be a Money Bill by reasonThat it provides for the imposition of fines or other pecuniary penalties, or for the demand or payment of fees for licenses or fees for services rendered, or by reason that it provides for the imposition, abolition, remission, alteration, or regulation of any tax by any local authority or body for local purposes. Hence, Statement 3 is not correct.Article 110 further clarifies that in cases where a dispute arises over whether a bill is a money bill or not, the Lok Sabha Speakers decision on the issue shall be considered final.
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