A Bill is deemed to be a ‘Money Bill’ if it has any provisions dealing with 1. imposition, abolition, remission, alteration or regulation of any tax 2. appropriation of money from the Consolidated Fund of India 3. imposition of fines or other pecuniary penalties 4. payment of fee for licences or fee for service rendered Select the correct answer using the code given below.

According to Article 110 of the Constitution of India, a Bill is deemed to be a Money Bill if it contains only provisions dealing with specific financial matters. These include the imposition, abolition, remission, alteration, or regulation of any tax [1]. It also covers the appropriation of money out of the Consolidated Fund of India [1]. However, Article 110(2) explicitly clarifies that a Bill is not a Money Bill simply because it provides for the imposition of fines or other pecuniary penalties, or for the demand or payment of fees for licenses or fees for services rendered [1]. Therefore, while statements 1 and 2 are core components of the definition of a Money Bill, statements 3 and 4 are specifically excluded from being the sole basis for such a classification. Consequently, only statements 1 and 2 are correct.

Sources

1. [1] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 23: Parliament > Money Bill. > p. 247