Money Bill and Financial Legislation
Civics ⇒ Parliamentary System and Political Institutions
Money Bill and Financial Legislation starts at 9 and continues till grade 12.
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Describe the difference between a Money Bill and a Financial Bill.
Describe the process by which a Money Bill becomes an Act of Parliament.
Describe the role of the President in the passage of a Money Bill.
Explain the consequences if a Money Bill is not passed by the Lok Sabha.
Explain the importance of Money Bills in the Indian parliamentary system.
Explain the process of passing a Money Bill in the Indian Parliament.
Explain the significance of the Speaker’s certification of a Money Bill.
Explain why the Rajya Sabha has limited powers over Money Bills.
Which Article of the Indian Constitution defines a Money Bill? (1) Article 109 (2) Article 110 (3) Article 112 (4) Article 117
Which of the following bills requires the President’s recommendation before being introduced? (1) Money Bill (2) Ordinary Bill (3) Constitutional Amendment Bill (4) Private Member’s Bill
Which of the following can be included in a Money Bill? (1) Imposition of fines (2) Regulation of borrowing by the government (3) Creation of new states (4) Amendment of the Constitution
Which of the following is a Financial Bill but not a Money Bill? (1) Bill containing only matters in Article 110 (2) Bill containing matters in Article 110 and other matters (3) Appropriation Bill (4) Bill imposing a new tax only
A bill that contains provisions for the imposition, abolition, remission, alteration or regulation of any tax is called a _________.
A Money Bill can only be introduced in the ________ of Parliament.
Fill in the blank: The ________ can only make recommendations on a Money Bill, which may be accepted or rejected by the Lok Sabha.
Fill in the blank: The ________ has no power to reject or amend a Money Bill.
True or False: A Financial Bill (II) does not require the President’s recommendation for introduction.
True or False: All Money Bills are Financial Bills, but not all Financial Bills are Money Bills.
True or False: The Appropriation Bill is always a Money Bill.
True or False: The President can withhold assent to a Money Bill.
