2013 · Q9
A bill is deemed to be a 'Money Bill' if it contains only provisions dealing with
- 1the imposition, alteration or regulation of any tax.
- 2the regulation of the borrowing of money by the government.
- 3the custody of the Consolidated Fund of India or the Contingency Fund of India.
- 4the provision for imposition of fines or other penalties or for the demand or payment of fees for licenses or fees for services rendered.
Select the correct answer using the code given below.
indian-polity-economyparliament
- A1, 2 and 3
- B1 and 2
- C3 and 4
- DAll of the above
Explanation
A Money Bill covers taxation, government borrowing, and custody of the Consolidated/Contingency Funds; provisions for fines, penalties or fees for licences/services are excluded by the proviso to Article 110.