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

Question

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

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Answer

A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.

Answer

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 appropriation of moneys out of the Contingency Fund of India.

Answer

A bill shall be deemed to be money bill if it contains only provisions related to imposition, abolition, remission, alteration or regulation of any tax.