gs1medium
Regarding Money Bill, which of the following statements is not correct?
- A.A bill shall be deemed to be a Money Bill if it contains only provisions related to imposition, abolition, remission, alteration or regulation of any tax.
- B.A Money Bill has the provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
- C.A Money Bill is concerned with the appropriation of money out of the Contingency Fund of India.
- D.A Money Bill deals with the regulations of borrowings of money or giving of any guarantee by the Government of India.
▶ Answer & Explanation
Correct answer: C. A Money Bill is concerned with the appropriation of money out of the Contingency Fund of India.
The Constitution explicitly defines what constitutes a Money Bill under Article 110. While it deals with taxes, borrowing, and the Consolidated Fund, it does not directly concern the appropriation of funds from the Contingency Fund of India. Such appropriations are typically authorized by Parliament through other legislative processes or executive actions under specific conditions.
Source: UPSC gs1 2018