The correct answer is (d). A Money Bill is introduced in the Lok Sabha.
A Money Bill is a bill which deals with the following matters:
- Supply
- Taxation
- Borrowing of money by the Government of India
- Custody of the Consolidated Fund of India and the Contingency Fund of India
- Public debt
- Audit of the accounts of the Union
A Money Bill can only be introduced in the Lok Sabha. The Rajya Sabha can only recommend amendments to a Money Bill, but the Lok Sabha has the power to accept or reject these recommendations. If the Rajya Sabha does not pass a Money Bill within 14 days, it 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 of India. This means that the Lok Sabha is more representative of the people than the Rajya Sabha, which is indirectly elected by the state legislatures. As a result, it is considered to be more democratic for a Money Bill to be introduced in the Lok Sabha.