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Write the name of Article which defines the Money Bill.
Question

Write the name of Article which defines the Money Bill.

A.

Article 110

B.

None of these

C.

Article 112

D.

Article 111

Correct option is A

Article 110 of the Indian Constitution defines a Money Bill. It specifies the characteristics of a Money Bill, which deals exclusively with matters like taxation, borrowing of money by the government, and expenditure from the Consolidated Fund of India.
Important Key Points:
1. Definition: Money Bill deals with financial matters like taxation and government expenditure.
2. Article 110: Specifies the criteria for a bill to be classified as a Money Bill.
3. Speaker's Certification: The Speaker of the Lok Sabha certifies if a bill is a Money Bill.
4. Rajya Sabha's Role: Limited to recommendations, cannot amend or reject a Money Bill.
5. Financial Legislation: Essential for the functioning of the government.
6. Constitutional Safeguard: Ensures proper management of public funds.
7. Passage Procedure: Must be passed in the Lok Sabha and then sent to the Rajya Sabha.
Information Booster:
None of These: Incorrect as Article 110 defines a Money Bill.
Article 112: Deals with the Annual Financial Statement (Budget).
Article 111: Concerns the President's assent to bills.
Article 110: Correct article defining a Money Bill.

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