Which Article of the Indian Constitution deals with the definition and procedure for passing Money Bills in Parliament?

💡 Solution & Explanation

Article 110 of the Indian Constitution defines a Money Bill based on specific matters such as taxation, borrowing of money, custody of the Consolidated Fund, and appropriation of moneys. Article 108 provides for a joint sitting of both houses in certain cases of legislative deadlock, though not applicable to Money Bills. Article 112 outlines the annual financial statement or budget. Article 116 deals with votes on account, votes of credit, and exceptional grants.