Question

Write a short note on the money bill.

Answer 1

Answer:

A Money Bill refers to a draft law introduced in Lok Sabha. The Bill deals with issues such as receipt and spending of money, such as tax laws, laws governing borrowing and expenditure of the government, prevention of black money etc. Instead of being a separate Bill in itself, a money bill is more like a category.hope this answer is helpful

Answer 2

Answer:

★A bill which covers income and expenditure of the government is called money bill.

★ Bills connected with tax policy of the government is also called money bill.

★ Lok Sabha can only introduced money bill and once it is approved by the Lok Sabha, it is passed to Rajya Sabha for its approval.