Polity
2018
Parliament Structure
Regarding Money Bill, which of the following statements is not correct?
D.A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the government of India
A.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.
C.A Money Bill is concerned with appropriation of moneys out of the Contingency Fund of India.
B.A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
Correct Answer: Option C
According to Article 110 of the Indian Constitution, a Bill is considered a Money Bill if it exclusively contains provisions related to:
- Imposition, abolition, remission, alteration, or regulation of any tax.
- Regulation of borrowing money or giving guarantees by the Government of India.
- Custody of the Consolidated Fund of India or the Contingency Fund of India, including payments into or withdrawals from these funds.
- Appropriation of moneys out of the Consolidated Fund of India.
A Money Bill specifically deals with the appropriation of funds from the Consolidated Fund of India, not the Contingency Fund of India.
Therefore, statement C is incorrect.
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