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Option 1: Amendment of law with respect to any financial obligations undertaken by the Government of India falls under the definition of a Money Bill. A Money Bill refers to a bill that contains provisions solely related to matters concerning taxation, borrowing of money, or expenditure from the Consolidated Fund of India. So, any amendments related to financial obligations undertaken by the government would fall under this definition.
Option 2: The payment of money into the Consolidated Fund of India also falls under the definition of a Money Bill. A Money Bill includes provisions related to the appropriation, receipt, or expenditure of money from the Consolidated Fund of India. Therefore, the payment of money into the Consolidated Fund of India qualifies as a Money Bill.
Option 3: This option is correct. Any financial bill, as per the requirements of Article 117, does not fall under the definition of a Money Bill. Article 117 states that financial bills other than Money Bills can be introduced in either House of Parliament. Therefore, a financial bill falling under the requirements of Article 117 is not considered a Money Bill.
Option 4: Appropriation of money out of the Consolidated Fund of India does fall under the definition of a Money Bill. A Money Bill includes provisions related to the appropriation, receipt,