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    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: тАв Provisions related to taxes (imposition, abolition, remission of taxes) тАв Borrowing by the government тАв 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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