A bill related to money matters is deemed to be a money bill when it is related to __:
1. Money matters of Central Government
2. Money Matters of State Government
3. Money matters of Local Government
Choose the correct option from the codes given below:

Answer: [A] Only 1 & 2

Any bill that deals in Money Matters is a Money bill. But when a bill shall not be deemed to be a Money Bill by reason only that it provides for the imposition  of fines or penalties or for the demand or payment of fees for licenses or fees for service rendered, or by reason that it provides for the imposition, abolition, remission, alteration or regulation of any tax by any local authority or body for local purposes. So bill related to Local matters are NOT Money Bills.

This question is a part of GKToday's Integrated IAS General Studies Module