Q. Which of the following provisions are covered under article 110?
1.The imposition, abolition, remission, alteration or regulation of any tax.
2.The regulation of the borrowing of money by the Union government.
3.The appropriation of money out of the Consolidated Fund of India.
How many of the statements given above are correct?
Answer: C
Notes:
Explanation: Article 110 of the Constitution deals with the definition of money bills. It states that a bill is deemed to be a money bill if it 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 moneys into or the withdrawal of money from any such fund;
- The appropriation of money out of the Consolidated Fund of India;
Source: Laxmikanth
