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Question
Write short note:
Money Bill.
Short/Brief Note
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Solution
- Money Bill in general covers the issue. receipt and spending of money, borrowing by the Government, tax laws and expenditure of the Government and prevention of Black money, etc.
- Money Bill can be introduced in the Parliament (the Lok Sabha) Lower House only.
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Parliament of India
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- The Lok Sabha is the popular House of the Indian Parliament and contains elected representatives of the people.
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