Which of the following article of Indian constitution deals with the definition of money bill?
Show answer & explanation
Correct answer: B
Explanation
Article 110: Definition of a Money Bill
According to Article 110, a bill is considered a Money Bill if it contains provisions relating solely to one or more of the following matters:
Taxes: The imposition, abolition, remission, alteration, or regulation of any tax.
Borrowing: The regulation of the borrowing of money by the Government of India.
Consolidated Fund: The custody of the Consolidated Fund of India or the Contingency Fund, or the deposit or withdrawal of money into any such fund.
Expenditure: The declaration of expenditure 'charged' on the Consolidated Fund of India.