Consider the following statements regarding Money Bill :
- 1. It can be introduced in either the Lok Sabha or the Rajya Sabha.
- 2. It can be returned by the President for reconsideration.
- 3. It requires the consent of the President before introduction.
- 4. It cannot be introduced in the Rajya Sabha.
Which of the above statements are correct?
1 and 2 only
1, 2, 3 and 4
2, 3 and 4 only
3 and 4 only
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC Combined Section Officer – 2019-20
Statement 2 is incorrect: The President cannot return a Money Bill for reconsideration. He must either give his assent or withhold his assent (Article 111, proviso). This is a key difference between Money Bills and other Bills.
Statement 3 is correct: A Money Bill can be introduced in Lok Sabha only on the recommendation of the President (Article 117(1)).
Statement 4 is correct: As stated in point 1, it cannot be introduced in the Rajya Sabha.
Therefore, only statements 3 and 4 are correct.