Indian Polity • Parliament & ExecutiveMedium
Under Article 110 of the Indian Constitution, a Bill is deemed to be a Money Bill if it contains provisions exclusively dealing with which of the following matters?
A. Declaration of a state of financial emergency across the country
B. Imposition, abolition, remission, alteration or regulation of any tax✓ Correct Answer
C. Imposition of civil penalties and fines for the violation of municipal bylaws
D. Ratification of international treaties involving financial loans
💡 Solution & Explanation
Article 110 specifies that a Bill is a Money Bill if it contains provisions dealing exclusively with taxation, borrowing of money by the government, custody of the Consolidated Fund of India, or appropriation of moneys out of the same. Imposition of local fines, municipal taxes, or international loan ratifications do not constitute a Money Bill. The decision of the Lok Sabha Speaker on whether a bill is a Money Bill is final.
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