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Which of the following statement is true regarding the Money bill?
It cannot be introduced in either House of Parliament
It can be introduced in either House of Parliament
It can be introduced only in the Lok Sabha
It can be introduced only in the Rajya Sabha
None of the above
It can be introduced only in the Lok Sabha
A Money Bill can only be introduced in the Lok Sabha upon the prior recommendation of the President of India. Once passed by the Lok Sabha, it is transmitted to the Rajya Sabha, which can only make recommendations and cannot reject or amend the bill.
A Money Bill can only be introduced in the Lok Sabha upon the prior recommendation of the President of India. Once passed by the Lok Sabha, it is transmitted to the Rajya Sabha, which can only make recommendations and cannot reject or amend the bill.
Article 110 of the Indian Constitution defines Money Bills, while Article 109 details the special procedure to be followed for their passage in Parliament.
A Money Bill cannot be introduced in the Rajya Sabha.
The Speaker of the Lok Sabha has the sole authority to certify whether a bill is a Money Bill or not, and this decision is final.
The Rajya Sabha must return the Money Bill within 14 days, with or without recommendations, failing which it is deemed passed by both Houses.
The President cannot return a Money Bill for reconsideration by Parliament.
The Lok Sabha is not bound to accept the recommendations made by the Rajya Sabha regarding a Money Bill.
Financial Bills (Category I and II) differ from Money Bills in their introduction process and the powers of the Rajya Sabha.
Option A and B are incorrect because they contradict Article 109(1), which explicitly mandates that a Money Bill shall not be introduced in the Council of States (Rajya Sabha).
Option D is incorrect as the Rajya Sabha has no role in the introduction of a Money Bill.
C is correct тАФ A Money Bill can only be introduced in the Lok Sabha with the prior recommendation of the President.
When studying Money Bills, compare them with Financial Bills (Article 117) and the Budget process (Article 112), as UPSC and state PSC exams frequently ask for differentiating features regarding the powers of the Rajya Sabha.
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