Union - Executive, Legisture

Indian Political System

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Money Bill is defined in Article 110 of the Indian Constitution. Money bills are concerned with financial matters like taxation, public expenditure, etc..Which of the following authorities decides whether a particular bill is a money bill?

President of India

Chairman, Rajya Sabha

Speaker, Lok Sabha

Either B or C

Explanation:

Laws that deal with financial matters must be first examined by the Speaker and then approved by the Parliament. PAC examines government spending via CAG reports. The Departments Standing Committees of the Parliament examine departmental budgets after the annual budget is introduced in the Parliament. All these actors play an important part in financial administration tasked to the Parliament.

By: Parvesh Mehta

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