New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    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 relating to imposition, abolition, remission, alteration or regulation of any tax Correct Answer Incorrect Answer
    B A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India Correct Answer Incorrect Answer
    C A Money Bill is concerned with the appropriation of moneys out of the Contigency Fund of India Correct Answer Incorrect Answer
    D A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India Correct Answer Incorrect Answer

    Solution

    Under article 110 of the Indian Constitution, a bill is deemed to be "Money Bill" if it contains provisions dealing with (a) the imposition, abolition, remission, alteration or regulation of any tax; (b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India. (c) the custody of the consolidated Fund or the Contingency Fund of India

    Practice Next