A bill is deemed to be a Money Bill if it contains only provisions dealing with 1. the imposition, alteration or regulation of any tax 2. the regulation of the borrowing of money by the government 3. the custody of the Consolidated Fund of India or the Co

examrobotsa's picture

Submitted by examrobotsa on

Q: 84 (CAPF/2013)
A bill is deemed to be a ‘Money Bill’ if it contains only provisions dealing with
1. the imposition, alteration or regulation of any tax
2. the regulation of the borrowing of money by the government
3. the custody of the Consolidated Fund of India or the Contingency Fund of India
4. the provision for imposition of fines or other penalties, or for the demand or payment of fees for licenses or fees for services rendered
Select the correct answer using the code given below.

question_subject: 

Economics

question_exam: 

CAPF

stats: 

0,115,55,115,31,5,19

keywords: 

{'money bill': [7, 1, 3, 9], 'fees': [0, 0, 0, 2], 'payment': [0, 1, 1, 8], 'regulation': [3, 1, 2, 9], 'provisions': [0, 0, 0, 1], 'bill': [16, 1, 6, 29], 'tax': [0, 0, 0, 1], 'consolidated fund': [1, 0, 0, 3], 'fines': [0, 0, 0, 3], 'borrowing': [0, 1, 0, 3], 'contingency fund': [1, 0, 1, 0], 'government': [5, 0, 0, 1], 'money': [2, 0, 2, 10], 'india': [8, 1, 7, 13], 'demand': [0, 0, 0, 3], 'provision': [5, 0, 10, 23], 'other penalties': [0, 0, 0, 1], 'licenses': [0, 0, 0, 1]}

The correct answer for this question is option 1 - 1, 2, and 3 only.

Let`s break down each option to understand why they are correct or incorrect:

1. The imposition, alteration or regulation of any tax: This option is correct because if a bill deals with any provision related to taxes, it can be classified as a `Money Bill.`

2. The regulation of the borrowing of money by the government: This option is correct because if a bill deals with provisions related to the borrowing of money by the government, it can be classified as a `Money Bill.`

3. The custody of the Consolidated Fund of India or the Contingency Fund of India: This option is correct because if a bill contains provisions related to the custody of the Consolidated Fund of India or the Contingency Fund of India, it can be classified as a `Money Bill.`

4. The provision for imposition of fines or other penalties, or for the demand or payment of fees for licenses or fees for services rendered: This option is incorrect because provisions related to fines, penalties, or fees do not automatically classify a bill as a `Money Bill.` These provisions may fall under different categories or types of bills.

Therefore, option 1 is the correct answer as it