Question

Consider the following statements:

1. Every Money Bill is a Financial Bill

2. Every Financial Bill is a Money Bill Which of the above statements is/are correct

• A. Only 1
• B. Only 2
• C. Both 1 and 2
• D. Neither 1 nor 2

Answer 1

Answer:

A. Only 1

Money Bills are defined under Article 110 of the Indian Constitution. They deal exclusively with matters such as taxation, government borrowing, and the Consolidated Fund of India.