The 'Money Bill' under Article 110 includes matters related to: MCQ with Answer and Explanation

Question

Share Report Error

The 'Money Bill' under Article 110 includes matters related to:

A. police

B. defence

C. taxation, borrowing, expenditure from Consolidated Fund

D. foreign affairs

Answer: Option C

Solution (By JKSSB Mock Tests)

Money Bill deals with taxes, borrowing, custody of Consolidated Fund, etc.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

M0 in India is also known as:

A. broad money

B. reserve money

C. narrow money

D. high-powered money plus time deposits

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
M0 is reserve money or high-powered money, comprising currency in circulation plus bankers' deposits with RBI and other deposits.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on sugar confectionery is:

A. 28%

B. 18%

C. 5%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Sugar confectionery attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on yachts and aircraft is:

A. 28% plus cess

B. 12%

C. 18%

D. 5%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Yachts and aircraft attract 28% GST plus cess.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs