Money Bill

Q. In the context of the Union Parliament, describe the Financial Powers of the Union Parliament.

Q. Which month marks the beginning of the financial year in India?

1. January
2. April
3. June
4. October

Q. _______ is the permission to withdraw money from the Consolidated Fund of India till the Budget is passed.

1. Budget Vote
2. Vote on Bills
3. Vote on Account
4. Vote on Budget

Q. Money Bills are sent from the Lok Sabha to the Rajya Sabha after a round of voting. The Rajya Sabha has to return the bill within days.

1. 6
2. 14
3. 18
4. 24

Q. Money Bills are sent from the Lok Sabha to the Rajya Sabha after a round of voting. The Rajya Sabha has to return the bill within days.

1. 24
2. 18
3. 14
4. 6

Q. All the government revenue generated from taxes and earnings from state-run companies go into the Contingency Fund of India.

1. True
2. False