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Q85 (CAPF/2019) Polity & Governance › Parliament › Money and finance bills Answer Verified

Which one of the following does NOT fall under the definition of the Money Bill?

Result
Your answer: —  Â·  Correct: C
Explanation

Article 110 of the Constitution defines a Money Bill as one containing 'only' provisions related to specific matters such as tax regulation, government borrowing, or the amendment of laws regarding financial obligations [1]. It specifically includes the custody of the Consolidated Fund of India (CFI), the payment of money into it, and the appropriation of money out of it [4]. While all Money Bills are technically financial bills, the reverse is not true [3]. Financial Bills under Article 117 are a broader category; specifically, Financial Bills (I) and (II) contain provisions beyond those listed in Article 110 or involve general expenditure from the CFI. Therefore, a bill simply categorized as a 'financial bill as per requirements of Article 117' does not necessarily fall under the strict definition of a Money Bill unless it exclusively deals with Article 110 matters.

Sources

  1. [1] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 23: Parliament > Money Bill. > p. 247
  2. [2] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > Financial Bills > p. 249
  3. [4] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > Money Bill. > p. 247
  4. [3] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 23: Parliament > Financial Bills > p. 249
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