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.