{"id":88325,"date":"2025-06-01T07:07:56","date_gmt":"2025-06-01T07:07:56","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=88325"},"modified":"2025-06-01T07:07:56","modified_gmt":"2025-06-01T07:07:56","slug":"which-one-of-the-following-statements-about-money-bill-is-correct","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-money-bill-is-correct\/","title":{"rendered":"Which one of the following statements about Money Bill is correct ?"},"content":{"rendered":"

Which one of the following statements about Money Bill is correct ?<\/p>\n

[amp_mcq option1=”A Bill shall be deemed to be a Money Bill only if it provides for imposition of fines or penalties” option2=”A Money Bill shall be introduced in the Rajya Sabha” option3=”The Rajya Sabha can reject the Money Bill” option4=”The Speaker of the Lok Sabha finally decides if it is a Money Bill, should any dispute about it arise” correct=”option4″]<\/p>\n

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This question was previously asked in<\/div>\n
UPSC NDA-2 – 2016<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nStatement A is incorrect. Article 110(2) explicitly states that a bill is *not* a Money Bill *only* because it imposes fines or penalties. Money Bills deal with matters listed in Article 110(1), primarily related to taxation, government borrowing, Consolidated Fund, etc.
\nStatement B is incorrect. Article 109(1) states that a Money Bill *shall not* be introduced in the Rajya Sabha; it can only be introduced in the Lok Sabha.
\nStatement C is incorrect. The Rajya Sabha has limited powers regarding Money Bills. It cannot reject or amend a Money Bill. It can only make recommendations to the Lok Sabha, which the Lok Sabha may accept or reject. If the Rajya Sabha does not return the bill within 14 days, it is deemed to have been passed by both Houses.
\nStatement D is correct. Article 110(3) of the Constitution states, “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.” The Speaker’s decision on this matter is conclusive.
\n<\/section>\n
\nThe Lok Sabha has overriding powers compared to the Rajya Sabha with respect to Money Bills. This reflects the principle that the power to tax and spend (financial power) rests primarily with the directly elected representatives of the people.
\n<\/section>\n
\nArticle 110(1) lists the specific matters that qualify a Bill as a Money Bill. These include the imposition, abolition, remission, alteration or regulation of any tax; regulation of the borrowing of money or the giving of any guarantee by the Government of India; the custody of the Consolidated Fund or the Contingency Fund, the payment of moneys into or the withdrawal of moneys from any such Fund, etc.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Which one of the following statements about Money Bill is correct ? [amp_mcq option1=”A Bill shall be deemed to be a Money Bill only if it provides for imposition of fines or penalties” option2=”A Money Bill shall be introduced in the Rajya Sabha” option3=”The Rajya Sabha can reject the Money Bill” option4=”The Speaker of the … <\/p>\n

Detailed SolutionWhich one of the following statements about Money Bill is correct ?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1094],"tags":[1098,1099,1111],"class_list":["post-88325","post","type-post","status-publish","format-standard","hentry","category-upsc-nda-2","tag-1098","tag-indian-polity-and-governance","tag-the-parliament","no-featured-image-padding"],"yoast_head":"\nWhich one of the following statements about Money Bill is correct ?<\/title>\n<meta name=\"description\" content=\"Statement A is incorrect. Article 110(2) explicitly states that a bill is *not* a Money Bill *only* because it imposes fines or penalties. Money Bills deal with matters listed in Article 110(1), primarily related to taxation, government borrowing, Consolidated Fund, etc. Statement B is incorrect. Article 109(1) states that a Money Bill *shall not* be introduced in the Rajya Sabha; it can only be introduced in the Lok Sabha. Statement C is incorrect. The Rajya Sabha has limited powers regarding Money Bills. It cannot reject or amend a Money Bill. It can only make recommendations to the Lok Sabha, which the Lok Sabha may accept or reject. If the Rajya Sabha does not return the bill within 14 days, it is deemed to have been passed by both Houses. Statement D is correct. Article 110(3) of the Constitution states, "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." The Speaker's decision on this matter is conclusive. The Lok Sabha has overriding powers compared to the Rajya Sabha with respect to Money Bills. This reflects the principle that the power to tax and spend (financial power) rests primarily with the directly elected representatives of the people.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-money-bill-is-correct\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which one of the following statements about Money Bill is correct ?\" \/>\n<meta property=\"og:description\" content=\"Statement A is incorrect. Article 110(2) explicitly states that a bill is *not* a Money Bill *only* because it imposes fines or penalties. Money Bills deal with matters listed in Article 110(1), primarily related to taxation, government borrowing, Consolidated Fund, etc. Statement B is incorrect. Article 109(1) states that a Money Bill *shall not* be introduced in the Rajya Sabha; it can only be introduced in the Lok Sabha. Statement C is incorrect. The Rajya Sabha has limited powers regarding Money Bills. It cannot reject or amend a Money Bill. It can only make recommendations to the Lok Sabha, which the Lok Sabha may accept or reject. If the Rajya Sabha does not return the bill within 14 days, it is deemed to have been passed by both Houses. Statement D is correct. Article 110(3) of the Constitution states, "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." The Speaker's decision on this matter is conclusive. The Lok Sabha has overriding powers compared to the Rajya Sabha with respect to Money Bills. This reflects the principle that the power to tax and spend (financial power) rests primarily with the directly elected representatives of the people.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-money-bill-is-correct\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T07:07:56+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which one of the following statements about Money Bill is correct ?","description":"Statement A is incorrect. Article 110(2) explicitly states that a bill is *not* a Money Bill *only* because it imposes fines or penalties. Money Bills deal with matters listed in Article 110(1), primarily related to taxation, government borrowing, Consolidated Fund, etc. Statement B is incorrect. Article 109(1) states that a Money Bill *shall not* be introduced in the Rajya Sabha; it can only be introduced in the Lok Sabha. Statement C is incorrect. The Rajya Sabha has limited powers regarding Money Bills. It cannot reject or amend a Money Bill. It can only make recommendations to the Lok Sabha, which the Lok Sabha may accept or reject. If the Rajya Sabha does not return the bill within 14 days, it is deemed to have been passed by both Houses. Statement D is correct. Article 110(3) of the Constitution states, \"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.\" The Speaker's decision on this matter is conclusive. The Lok Sabha has overriding powers compared to the Rajya Sabha with respect to Money Bills. This reflects the principle that the power to tax and spend (financial power) rests primarily with the directly elected representatives of the people.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-money-bill-is-correct\/","og_locale":"en_US","og_type":"article","og_title":"Which one of the following statements about Money Bill is correct ?","og_description":"Statement A is incorrect. Article 110(2) explicitly states that a bill is *not* a Money Bill *only* because it imposes fines or penalties. Money Bills deal with matters listed in Article 110(1), primarily related to taxation, government borrowing, Consolidated Fund, etc. Statement B is incorrect. Article 109(1) states that a Money Bill *shall not* be introduced in the Rajya Sabha; it can only be introduced in the Lok Sabha. Statement C is incorrect. The Rajya Sabha has limited powers regarding Money Bills. It cannot reject or amend a Money Bill. It can only make recommendations to the Lok Sabha, which the Lok Sabha may accept or reject. If the Rajya Sabha does not return the bill within 14 days, it is deemed to have been passed by both Houses. Statement D is correct. Article 110(3) of the Constitution states, \"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.\" The Speaker's decision on this matter is conclusive. The Lok Sabha has overriding powers compared to the Rajya Sabha with respect to Money Bills. This reflects the principle that the power to tax and spend (financial power) rests primarily with the directly elected representatives of the people.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-money-bill-is-correct\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T07:07:56+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-money-bill-is-correct\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-statements-about-money-bill-is-correct\/","name":"Which one of the following statements about Money Bill is correct ?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T07:07:56+00:00","dateModified":"2025-06-01T07:07:56+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement A is incorrect. Article 110(2) explicitly states that a bill is *not* a Money Bill *only* because it imposes fines or penalties. Money Bills deal with matters listed in Article 110(1), primarily related to taxation, government borrowing, Consolidated Fund, etc. Statement B is incorrect. Article 109(1) states that a Money Bill *shall not* be introduced in the Rajya Sabha; it can only be introduced in the Lok Sabha. Statement C is incorrect. The Rajya Sabha has limited powers regarding Money Bills. It cannot reject or amend a Money Bill. It can only make recommendations to the Lok Sabha, which the Lok Sabha may accept or reject. If the Rajya Sabha does not return the bill within 14 days, it is deemed to have been passed by both Houses. Statement D is correct. Article 110(3) of the Constitution states, \"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.\" The Speaker's decision on this matter is conclusive. 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