- Appropriation Bill authorizes withdrawal of money from the Consolidated Fund of India. - Finance Bill contains proposals for revenue collection, including taxes. - Both are Money Bills (specifically certified by the Speaker). - Money Bills have a special procedure with limited role for Rajya Sabha. - Any change to tax rates requires legislative approval through a Bill/Act.
Which of the following statement is incorrect with reference to Indian Parliament?
Asked in GPSC Prelims CSP 1 2018 · Topic: The Parliament (Legislative Procedure: Types of Bills (Ordinary, Money, Financial, Constitution Amendment) and their passage)
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Answer: C. Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.
More Indian Polity and Governance questions
- Which of the following statements are correct with reference to the Financial Bill? 1. All money bills are financial bills but not all financial bills are money bills. 2. Some types of financial bills can be changed or rejected by the Rajya Sabha. 3. Some types of financial bills can be introduced in either of the Houses, Lok Sabha or Rajya Sabha. 4. All types of financial bills can only be introduced in the Lok Sabha.
- Joint sitting of both the Houses of Parliament is allowed during which of the following? 1. Ordinary Bill 2. Money Bill 3. Constitution Amendment Bill
- Which of the following Bills do not lapse on dissolution of the Lok Sabha? 1. A Bill that originated in Rajya Sabha and is pending before Rajya Sabha 2. A Bill that originated in Lok Sabha and is pending before Lok Sabha 3. A Bill passed by Lok Sabha but is pending before Rajya Sabha 4. A Bill which has been passed by Rajya Sabha but is pending before Lok Sabha
- Which of the following statements are correct regarding readings of a Bill in the Parliament? 1. First Reading - No Discussion of the Bill takes place at this stage 2. Second Reading - House may refer the Bill to a joint committee consisting of the members from both the Houses. 3. Third Reading - House may circulate the Bill to gather public opinion 4. Third Reading - The Bill will be transmitted to the presiding officer who authenticates the Bill.
- Which of the following matters constitute Money Matters under Money Bill according to Article 110 of the Indian Constitution? 1. Audit and Accounts of Union or a State 2. Custody of Public Account of India 3. Borrowing or Guarantee by Government of India 4. Custody or Payment into Contingency Fund of India
- Which of the following statements is/are correct regarding Special Majority rules in Parliament?
- Which of the following statements are correct? Only a Minister can present a Money Bill. All Money Bills are Financial Bills but only some Financial Bills are Money Bills. Finance Bills under Article 117 can only be introduced with prior permission of the President in Lok Sabha only.
- As per the Constitution of India, a Bill can be said to be a Money Bill, if it contains which of the following? 1. Only provisions dealing with the imposition, abolition, remission, alteration or regulation of any tax. 2. Provisions with respect to fines, penalties, imposition, abolition, remission, alteration or regulation of any tax by any local authority. 3. Declaring of any expenditure to be charged on the Consolidated Fund of India. 4. Appropriation of moneys out of the Consolidated Fund of India