Question

Which of the following statements is/are correct?

1. Money Bills can be introduced only in Lok Sabha.
2. Rajya Sabha can amend a Money Bill.

• A. None of these
• B. 1, 2
• C. 1 only
• D. 2 only

Answer 1

Answer:

C. 1 only

• Constitutional Provision: Article 110 of the Indian Constitution defines a Money Bill. According to Article 109, a Money Bill can only be introduced in the Lok Sabha and cannot be introduced in the Rajya Sabha.
• Role of the Speaker: The Speaker of the Lok Sabha has the sole authority to certify whether a bill is a Money Bill or not, and their decision is final.
• Limitations of Rajya Sabha: The Rajya Sabha has restricted powers regarding Money Bills. It cannot amend or reject a Money Bill. It can only make recommendations, which the Lok Sabha may either accept or reject.
• Time Constraint: If the Rajya Sabha does not return the Money Bill to the Lok Sabha within 14 days of its receipt, the bill is deemed to have been passed by both Houses in the form in which it was passed by the Lok Sabha.
• President's Role: A Money Bill can only be introduced on the recommendation of the President of India.