Definition of ‘Money Bills’ is given in which of the following Articles of the Indian Constitution?
Show answer & explanation
Correct answer: B
Explanation
the correct answear is option B i.e Article 110
Article-110 - Article 110 of the Constitution deals with the Money Bills. It states that a bill is deemed to be a money bill if it contains ‘only’ provisions dealing with all or any of the following matters-
- The imposition, abolition, remission, alteration or regulation of any tax;
- The regulation of the borrowing of money by the Union government;
- The custody of the Consolidated Fund of India or the contingency fund of India, the payment of moneys into or the withdrawal of money from any such fund;
- The appropriation of money out of the Consolidated Fund of India;
- Declaration of any expenditure charged on the Consolidated Fund of India or increasing the amount of any such expenditure;
- The receipt of money on account of the Consolidated Fund of India or the public account of India or the custody or issue of such money, or the audit of the accounts of the Union or of a state; or
- Any matter incidental to any of the matters specified above.
Points to remember regarding Money Bill.
- Speaker decides whether the bill will be money bill or not.
- Introduced only in lok sabha.
- Cannot be amended or rejected by rajya sabha.
- President’s recommendation is needed to introduce them.
- President can either accept or reject a money bill but cannot return it for reconsideration.
| Article 128 | Attendance of retired Judges at sittings of the Supreme Court. |
| Article 139 | Conferment on the Supreme Court of powers to issue certain writs. |
| Article 115 | Laid out the procedure to obtain additional, supplementary, or excess grants. |