Civil Services Prep

Prelims 2018 · Polity and Constitution · Question 31

Regarding Money Bill, which of the following statements is not correct?

  1. A bill shall be deemed to be a Money Bill if it contains only provisions relating to imposition, abolition, remission, alteration or regulation of any tax.
  2. A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
  3. A Money Bill is concerned with the appropriation of moneys out of the Contingency Fund of India.
  4. A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India.

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.
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