Question

A finance bill is __________.

• A. a bill which would authorise expenditure out of the Consolidated Fund of India.
• B. a bill ordinary introduced each year to give effect to financial proposals of the Government of India for the next following financial year.
• C. a bill to authorise expenditure on the Contingency Fund of India
• D. a bill to control the finances of the Union and State Government

Answer 1

The correct option is B a bill ordinary introduced each year to give effect to financial proposals of the Government of India for the next following financial year.

A finance bill is a Money Bill. It is defined in Article 110 of the Constitution. It is passed by the Parliament within a period of 75 days of its introduction. It is a bill introduced each year to give effect to financial proposals of the Government of India for the next following financial year.

Thus, the correct answer is B.