Who among the following certifies a bill as a Money Bill ?

[amp_mcq option1=”The Chairman of the Council of States” option2=”The Speaker of the House of the People” option3=”The Finance Minister” option4=”The President” correct=”option2″]

This question was previously asked in

UPSC CISF-AC-EXE – 2018

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The Speaker of the House of the People (Lok Sabha) certifies a bill as a Money Bill.

Article 110(3) of the Constitution of India explicitly states that if any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the House of the People thereon shall be final.

A Money Bill can only be introduced in the Lok Sabha. The Rajya Sabha has limited powers regarding a Money Bill; it can only make recommendations, which the Lok Sabha is free to accept or reject. The President can either assent to or withhold assent from a Money Bill but cannot return it for reconsideration.

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