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.
Show answer
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.
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