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.
- D.A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India.
Correct answer
Explanation
The correct answer is C. A Money Bill covers appropriation of money out of the Consolidated Fund of India, not out of the Contingency Fund, so statement C is the incorrect one.
Article 110 defines a Money Bill as one containing only provisions on: taxes; the borrowing of money or guarantees by the Government of India; the custody of the Consolidated Fund or the Contingency Fund and payments into or withdrawals from them; the appropriation of moneys out of the Consolidated Fund; and related matters. The Contingency Fund (Article 267) is placed at the disposal of the President, who can make advances from it for unforeseen expenses without prior approval of Parliament; such spending is later regularised through an appropriation from the Consolidated Fund. The Speaker certifies whether a bill is a Money Bill.
A is wrong as an answer: it correctly states the tax limb of Article 110.
B is wrong as an answer: custody of both funds is covered by Article 110.
D is wrong as an answer: borrowing and guarantees by the Government of India are covered too.
Exam tip: Money Bill = Article 110; appropriation is only out of the Consolidated Fund; the Contingency Fund (Article 267) is operated by the President.
Practice Questions
View allWith reference to the election of the President of India, consider the following statements : 1. The value of the vote of each MLA varies from State to State. 2. The value of the vote of MPs of the Lok Sabha is more than the value of the vote of MPs of the Rajya Sabha. Which of the statements given above is/are correct ?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
Show answer
An MLA's vote value depends on the State's population, but every elected MP, in either House, has the same vote value.
Read the full explanation →With reference to 'Scheduled Areas' in India, consider the following statements : 1. Within a State, the notification of an area as Scheduled Area takes place through an Order of the President. 2. The largest administrative unit forming the Scheduled Area is the District and the lowest is the cluster of villages in the Block. 3. The Chief Ministers of the concerned States are required to submit annual reports to the Union Home Ministry on the administration of Scheduled Areas in the States. How many of the above statements are correct?
- A.Only one
- B.Only two
- C.All three
- D.None
Show answer
Statements 1 and 2 are correct; statement 3 is wrong because the annual report comes from the Governor and goes to the President.
Read the full explanation →Consider the following features :
1. Consent of the governed
2. Political equality
3. Accountability of the ruled to the ruler
Which of the above feature/features outline democratic rule ?
- A.1 and 2 only
- B.2 and 3 only
- C.1, 2 and 3
- D.3 only
Show answer
Democracy rests on the consent of the people and their equal political rights, while accountability runs from the rulers to the ruled, not the other way round.
Read the full explanation →Which of the following statements about Section 8 of the RTI Act, 2005 is correct?
- A.It lists the categories of information exempt from disclosure
- B.It provides for the appointment of Public Information Officers
- C.It prescribes the penalty for delay in furnishing information
- D.It establishes the State Information Commissions
Show answer
Section 8(1) lists ten categories of information that a public authority is not obliged to disclose, among them information affecting the sovereignty and integrity of India, strategic and security interests, foreign relations, commercial confidence and trade secrets, information held in a fiduciary relationship, and personal information with no relation to…
Read the full explanation →Who chairs the selection committee that recommends the appointment of the Chairperson of the Lokpal?
- A.The President
- B.The Prime Minister
- C.The Chief Justice of India
- D.The Speaker of the Lok Sabha
Show answer
Under the Lokpal and Lokayuktas Act, 2013 the Chairperson and members of the Lokpal are appointed by the President on the recommendation of a selection committee consisting of the Prime Minister as chairperson, the Speaker of the Lok Sabha, the Leader of the Opposition in the Lok Sabha, the Chief…
Read the full explanation →