Answer» Correct Answer - Option 2 : Article 110
The correct answer is Article 110. - In the Indian Constitution, Article 110 deals with Money Bill in India.
- There are few provisions for a bill to be deemed as a money bill.
- The provisions that make a bill a money bill in India are given below:
- The imposition, abolition, remission, alteration, or regulation of any tax.
- The regulation on borrowing money by the Union government.
- The custody of the Consolidated Fund of India or the contingency fund of India, the payment of money into or the withdrawal of money from any such fund.
- The appropriation of money out of the Consolidated Fund of India.
- Declaration of any expenditure charged on the Consolidated Fund of India or increasing the amount of any such expenditure.
- The receipt of money on account of the Consolidated Fund of India or the public account of India or the custody or issue of such money, or the audit of the accounts of the Union or of a state.
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