Q. Consider the following:
1.A bill imposing income tax
2.A bill regulating government borrowing
3.A bill imposing fines for traffic violations
4.A bill establishing a National Health Insurance Scheme
How many of the above can be considered as a Money Bill?
Answer: B
Notes:
Explanation – According to Article 110, a Money Bill is one that contains only provisions dealing with all or any of the following matters: the imposition, abolition, remission, alteration, or regulation of any tax, the regulation of the borrowing of money by the Union government, the custody of the Consolidated Fund of India or the Contingency Fund of India, the payment of money into or the withdrawal of money from any such fund, etc. A bill imposing fines for traffic violations and a bill establishing a National Health Insurance Scheme cannot be considered a Money Bill.
Source: The Hindu
