Question

In India, a Bill is not to be deemed to be a Money Bill, if it contains provision for-

• A. the imposition, abolition, remission, alteration or regulation of any tax
• B. the imposition of fines or other pecuniary penalties, or the demand or payment of fees for licences or fees for services rendered
• C. the appropriation of money out of the Consolidated Fund of India
• D. the regulation of the borrowing of money by the Union Government

Answer 1

Answer:

B. the imposition of fines or other pecuniary penalties, or the demand or payment of fees for licences or fees for services rendered

Money Bill

• A "Money Bill" is a type of financial legislation that is introduced and passed in the Parliament of India.
• Money Bills are governed by specific provisions outlined in Articles 110 of the Indian Constitution.
• These provisions define what constitutes a Money Bill, how it is introduced and passed, and the powers of the two houses of Parliament (Lok Sabha and Rajya Sabha) regarding Money Bills.
• Only the Lok Sabha, the lower house of Parliament, has the power to initiate and introduce Money Bills.
• It must be passed in Lok Sabha by a simple majority
• It may be sent to the Rajya Sabha for its recommendations, which Lok Sabha may reject if it chooses to. 
• If such recommendations are not given within 14 days, it will be deemed to be passed by Parliament.
• The Rajya Sabha, the upper house, does not have the power to introduce Money Bills.

A Bill is said to be a Money Bill if it only contains provisions related to :

1. If it only contains provisions related to taxation
2. Borrowing of money by the government, expenditure from the Consolidated Fund of India, or matters incidental to these financial subjects.
3. Expenditure from or receipt to the Consolidated Fund or Contingency Fund of India

• Any other bill that includes non-financial matters alongside financial provisions is not considered a Money Bill.