The correct answer is (a) Lok Sabha.
A money bill is a bill that deals with the imposition, abolition, alteration, regulation of any tax; the borrowing of money by the government; the custody of the Consolidated Fund of India and the Contingency Fund of India; the appropriation of money from the Consolidated Fund of India or the Contingency Fund of India; the raising and maintenance of armed forces; or the matters which are declared by Parliament by law to be matters with respect to which Parliament has exclusive power to make laws.
A money bill can be introduced only in the Lok Sabha. The Rajya Sabha can only recommend amendments to a money bill, but the Lok Sabha is not bound to accept these recommendations. If the Rajya Sabha does not pass a money bill within 14 days of its receipt, the bill is deemed to have been passed by both Houses of Parliament.
The reason why a money bill can only be introduced in the Lok Sabha is because the Lok Sabha is directly elected by the people, while the Rajya Sabha is indirectly elected by the state legislatures. This ensures that the people have a greater say in the making of money bills.
The other options are incorrect because:
- A money bill cannot be introduced in the Rajya Sabha.
- A money bill cannot be passed by a joint sitting of both Houses of Parliament.
- None of the above is a money bill.