UPSC Previous Year Question | Prelims GS | 2018

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

Correct Answer

A Money Bill is concerned with the appropriation of moneys out of the Contingency Fund of India.

Explanation

Article 110 lists matters for a Money Bill, including taxes, borrowing/guarantees, and custody of the Consolidated and Contingency Funds. It refers to appropriation of moneys out of the Consolidated Fund of India, not the Contingency Fund, so option (c) is not correct.

Topics: legislative procedure, money bill (article 110), parliament, polity