gs1medium
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 related to imposition, abolition, remission, alteration or regulation of any tax.
- B.A Money Bill has the 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 money out of the Contingency Fund of India.
- D.A Money Bill deals with the regulations of borrowings of money or giving of any guarantee by the Government of India.
▶ Answer & Explanation
Correct answer: C. A Money Bill is concerned with the appropriation of money out of the Contingency Fund of India.
A Money Bill exclusively deals with the Consolidated Fund of India, not the Contingency Fund. While it can include provisions for the custody of both funds, its primary focus is on revenue and expenditure related to the Consolidated Fund. Appropriation from the Contingency Fund is typically handled through other legislative means and is not a defining characteristic of a Money Bill.
Source: UPSC gs1 2018