WBCS.LIVE practice question
In which article of Indian Constitution has Money Bill been defined?
Solve this multiple-choice question and check the correct answer with its explanation below.
Answer options
Correct answer and explanation
Correct answer: Article 110
Explanation: ā Correct Answer: B. Article 110 š Explanation: Article 110 of the Indian Constitution provides the official definition of a 'Money Bill'. It specifies that a bill is a Money Bill if it deals only with matters like taxation, government borrowing, or the Consolidated Fund. The Speaker of the Lok Sabha has the final authority to decide whether a bill is a Money Bill or not. This classification is crucial because it limits the powers of the Rajya Sabha.