Question

    Which of the following subjects has not been included in

    the provisions of Money Bill?
    A Provisions regarding/relating to taxes Correct Answer Incorrect Answer
    B Provisions relating to credit sanction provisions Correct Answer Incorrect Answer
    C The consolidated funds and custodianship Correct Answer Incorrect Answer
    D Provisions related to penalty & fine Correct Answer Incorrect Answer

    Solution

    According to Article 110 of the Indian Constitution, the Money Bill relates to matters such as: • Provisions related to taxes (imposition, abolition, remission of taxes) • Borrowing by the government • Matters related to the custody, withdrawal, appropriation, and payments to the Consolidated Fund of India. However, provisions related to penalty and fine are not included in the definition of a Money Bill. A Money Bill can only be introduced in the Lok Sabha and not in the Rajya Sabha, and it requires the President's recommendation for introduction.

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