Question

Who certifies a Bill as a Money Bill?

• A. The President
• B. Prime Minister
• C. Speaker
• D. Governor

Answer 1

Answer:

C. Speaker

In India, the Speaker of the Lok Sabha certifies a bill as a Money Bill.

According to Article 110 of the Indian Constitution, a Money Bill is a bill that exclusively deals with matters related to:

• Imposition, abolition, remission, alteration, or regulation of taxes;

• Borrowing of money by the government;

• Custody of the Consolidated Fund of India or the Contingency Fund of India;

• Appropriation of money from the Consolidated Fund;

• Any other matter related to the above items.

The Speaker of the Lok Sabha has the final authority to decide whether a bill is a Money Bill or not. Once the Speaker certifies a bill as a Money Bill, it cannot be amended by the Rajya Sabha (the Upper House of Parliament). The Rajya Sabha can only delay the bill for a maximum of 14 days, after which it is automatically sent to the President for approval.

This provision is meant to give the Lok Sabha (which represents the people) a decisive role in matters of taxation and government spending.