Which of the following statements related to Money Bills is not correct ?
It cannot be introduced in the Council of States
If any question arises whether the Bill is Money Bill or not, the decision of the Speaker is final
In case of deadlock over a Money Bill, the President can summon a joint sitting of the Parliament
A Money Bill cannot be introduced except on the recommendation of the President
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2014
Statement A is correct: A Money Bill can only be introduced in the Lok Sabha (Article 109(1)).
Statement B is correct: If any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the Lok Sabha is final (Article 110(3)).
Statement D is correct: A Money Bill cannot be introduced except on the recommendation of the President (Article 117(1)).
Statement C is incorrect: There is no provision for a joint sitting of Parliament in case of a deadlock over a Money Bill. The Rajya Sabha has limited powers regarding Money Bills; it can only suggest amendments and must return the bill within 14 days. If it does not return the bill within 14 days or if its recommended amendments are not accepted by the Lok Sabha, the Bill is deemed to have been passed by both Houses in the form it was passed by the Lok Sabha (Article 109). Therefore, a deadlock as understood for ordinary bills cannot occur with a Money Bill.
– Introduction: Only in Lok Sabha, on President’s recommendation.
– Speaker’s decision: Final on whether a bill is a Money Bill.
– Rajya Sabha powers: Restricted, can only suggest amendments, must return within 14 days.
– Joint Sitting: Not possible for Money Bills.