[amp_mcq option1=”10 days” option2=”20 days” option3=”14 days” option4=”30 days” correct=”option3″]
The correct answer is: C. 14 days
A money bill passed by the Lok Sabha is deemed to have been passed by the Rajya Sabha also, when no action is taken by the Upper House within 14 days.
A money bill is a bill which contains a provision for imposing or altering any tax or for the variation of the amount of any tax, or the imposition of any new surcharge or cess, or the abolition, remission, refund, alteration or regulation of any duty, whether general or local, or for the variation of the incidence of any such duty, or for the reduction of any such duty to nil.
The Constitution of India provides that 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, it is deemed to have been passed by the Rajya Sabha also.
This provision is intended to ensure that the government can raise the necessary revenue to meet the expenses of the government. It also ensures that the Lok Sabha, which is directly elected by the people, has the final say on money bills.