Regarding Money Bill, which of the following statements is not correct?

1. A

   A bill shall be deemed to be a Money Bill if it contains only provisions relating to imposition, abolition, remission, alteration or regulation of any tax.

   (a) This restates Article 110(1)(a): a Bill is a Money Bill if it contains only provisions on tax imposition, abolition, remission, alteration or regulation. The statement is correct, so it is not the ‘not correct’ key.

2. B

   A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.

   (b) Custody of the Consolidated Fund or the Contingency Fund is listed in Article 110(1)(c). The statement is correct and therefore not the key.

3. C

   A Money Bill is concerned with the appropriation of moneys out of the Contingency Fund of India.

   (c) (c) Official key: Appropriation of moneys under Article 110 is out of the Consolidated Fund of India, not the Contingency Fund. Saying a Money Bill is concerned with appropriation from the Contingency Fund is not correct, which is what the question asks.

4. D

   A Money Bill deals with the regulation of borrowing of money or giving of any guarantee by the Government of India.

   (d) Regulation of borrowing and guarantees is Article 110(1)(b). The statement is correct, so it is not the key.

Summary. Official key is (c). Article 110 ties Money Bills to the Consolidated Fund for appropriation. The Contingency Fund is a separate imprest under Article 267, not the appropriation limb of a Money Bill. Options (a), (b) and (d) track Article 110. Honour the stored letter (c).