Which Article of the Indian Constitution defines a Money Bill?
- A.Article 109
- B.Article 110
- C.Article 112
- D.Article 117
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Explanation
The correct answer is B, Article 110. Article 110 lists the matters that make a Bill a Money Bill: taxation, borrowing by the Union, the custody of the Consolidated Fund and the Contingency Fund, appropriation of money from the Consolidated Fund, the declaring of expenditure charged on that Fund, and the receipt or audit of money on account of it. A Bill is a Money Bill only if it deals with nothing else. A, Article 109, is wrong because it does not define the Bill; it prescribes the special procedure a Money Bill follows, including introduction in the Lok Sabha alone and the fourteen-day limit on the Rajya Sabha. C, Article 112, is wrong because it deals with the annual financial statement, popularly called the Union Budget. D, Article 117, is wrong because it governs Financial Bills, which contain a matter of Article 110 along with other matters of general legislation.