Which among the following Article defines Money Bill?

Correct option is B

Correct Answer:B. Article 110

• Article 110 of the Indian Constitution defines a Money Bill.

• A Money Bill deals only with matters listed under Article 110(1), such as:

  • Imposition, abolition, remission, alteration or regulation of taxes

  • Borrowing of money by the government

  • Custody or withdrawal of money from the Consolidated Fund of India

  • Appropriation of money out of the Consolidated Fund

• The Speaker of the Lok Sabha has the final authority to decide whether a bill is a Money Bill.

• Money Bill vs Financial Bill:

  • All Money Bills are Financial Bills, but not all Financial Bills are Money Bills.

• Passage Process:

  • Can only be introduced in the Lok Sabha, not in the Rajya Sabha.

  • Rajya Sabha cannot reject or amend it — it can only make recommendations within 14 days.

• Notable Money Bill: Finance Bill (introduced annually during the Union Budget).