Prelims 2018 · Polity and Constitution · Question 31
Regarding Money Bill, which of the following statements is not correct?
Answer
A Money Bill is concerned with the appropriation of moneys out of the Contingency Fund of India.
- (a) Correct. Under Article 110(1)(a), a Money Bill may contain only provisions dealing with the imposition, abolition, remission, alteration or regulation of any tax.
- (b) Correct. Article 110(1)(c) includes the custody of the Consolidated Fund of India or the Contingency Fund of India, and payments into or withdrawals from them.
- (c) Not correct. Article 110(1)(d) speaks of appropriation of moneys out of the Consolidated Fund of India, not the Contingency Fund of India.
- (d) Correct. Article 110(1)(e) includes the regulation of borrowing of money or the giving of any guarantee by the Government of India.