Regarding Money Bill, which of the following statements is not correct?

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Q: 86 (IAS/2018)
 Regarding Money Bill, which of the following statements is not correct?

question_subject: 

Polity

question_exam: 

IAS

stats: 

0,98,161,74,29,98,58

keywords: 

{'money bill': [7, 1, 3, 9], 'bill': [16, 1, 6, 29], 'consolidated fund': [1, 0, 0, 3], 'contingency fund': [1, 0, 1, 0], 'moneys': [0, 0, 0, 2], 'provisions': [0, 0, 0, 1], 'regulation': [3, 1, 2, 9], 'money': [2, 0, 2, 10], 'borrowing': [0, 1, 0, 3], 'government': [5, 0, 0, 1]}

A Money Bill according to the Indian Constitution has certain distinctive features outlined in the options. Option 1 is correct as a Money Bill involves matters related to taxes including their imposition, abolition, remission, alteration, or regulation. Option 2 is also correct, as a Money Bill can have provisions related to the custody of the Consolidated Fund of India or the Contingency Fund of India.

Option 4 is correct, it means a Money Bill can deal with the borrowing of money or giving any guarantee by the government of India.

Option 3 is not correct; it is the key reason why it is the answer. A Money Bill does not concern the appropriation of moneys out of the Contingency Fund of India. Appropriate bills are concerned with the appropriation of money, not Money Bills. Money Bills primarily concern the imposition and regulation of taxes, borrowing of money by the government, custody and withdrawal of money from Consolidated Fund of India and so on.