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.
B
A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
C
A Money Bill is concerned with the appropriation of moneys out of the Contingency Fund of India.
Correct Answer
D
A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India.
Explanation
Option (C) is the correct answer because it is factually incorrect; Article 110(1)(d) of the Constitution specifies that a Money Bill deals with the appropriation of money out of the **Consolidated Fund of India**, not the Contingency Fund. Option (a) is the most tempting wrong choice due to the restrictive word "only," but it is a correct statement as it verbatim reflects the constitutional language defining the scope of such bills. The core concept tested is the precise definition and legal criteria for a Money Bill under Article 110.
Indian Parliament & FinanceMoney Bill (Article 110)Money BillArticle 110taxConsolidated Fund of IndiaContingency Fund of IndiacustodyappropriationborrowingGovernment of India