Which of the following statements are correct in respect of a Money Bill in the Parliament?
- Article 109 mentions special procedure in respect of Money Bills.
- A Money Bill shall not be introduced in the Council of States.
- The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.
- Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha.
Select the answer using the code given below :
Detailed Explanation:
Correct Answer: Option 3 (1, 2 and 3)
A Money Bill deals only with matters listed under Article 110 of the Constitution, such as taxation, borrowing, and expenditure from the Consolidated Fund of India. It can be introduced only in the Lok Sabha, and the Rajya Sabha has limited powers regarding it.
✅ Statement 1 is Correct: Article 109 provides the special procedure for passing a Money Bill.
✅ Statement 2 is Correct: A Money Bill cannot be introduced in the Rajya Sabha (Council of States).
✅ Statement 3 is Correct: Rajya Sabha can only recommend changes within 14 days; it cannot reject a Money Bill.
❌ Statement 4 is Incorrect: Lok Sabha is not bound to accept the recommendations made by Rajya Sabha.
Short Notes: Money Bill
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Article 110 defines a Money Bill.
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A Money Bill can be introduced only in Lok Sabha.
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Prior recommendation of the President is required before introduction.
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The Speaker of Lok Sabha certifies whether a Bill is a Money Bill.
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Rajya Sabha can only make recommendations and must return it within 14 days.
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Lok Sabha may accept or reject Rajya Sabha's recommendations.
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If Rajya Sabha does not return the Bill within 14 days, it is deemed passed.
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There is no provision for a joint sitting in case of a Money Bill.
Question 2 of 7 Budget and Financial Procedures
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