Which of the following statements are correct in respect of a Money Bi

Which of the following statements are correct in respect of a Money Bill in the Parliament ?

1. Article 109 mentions special procedure in respect of Money Bills.
2. A Money Bill shall not be introduced in the Council of States.
3. The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.
4. 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 :

1 and 2 only

2 and 3 only

1, 2 and 3

1, 3 and 4

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC IAS – 2024

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The correct answer is C, including statements 1, 2, and 3.

Statement 1 is correct as Article 109 of the Indian Constitution lays down the special procedure for Money Bills. Statement 2 is correct because a Money Bill can only be introduced in the Lok Sabha (House of the People), as per Article 109(1). Statement 3 is correct as the Rajya Sabha (Council of States) has limited powers regarding a Money Bill; it cannot reject it but can only suggest amendments and must return it to the Lok Sabha within 14 days (Article 109(2)). Statement 4 is incorrect because the Lok Sabha is not bound to accept the recommendations made by the Rajya Sabha regarding a Money Bill; it may accept or reject any or all of them (Article 109(3)).

A Money Bill is defined in Article 110 of the Constitution. The Speaker of the Lok Sabha certifies whether a Bill is a Money Bill, and this decision is final. The Lok Sabha plays the dominant role in the legislative process for Money Bills.

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