{"id":93616,"date":"2025-06-01T11:54:09","date_gmt":"2025-06-01T11:54:09","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93616"},"modified":"2025-06-01T11:54:09","modified_gmt":"2025-06-01T11:54:09","slug":"consider-the-following-statements-regarding-money-bill-1-it-can","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/","title":{"rendered":"Consider the following statements regarding Money Bill :\n \n 1. It can"},"content":{"rendered":"<p>Consider the following statements regarding Money Bill :<\/p>\n<ul>\n<li>1. It can be introduced in either the Lok Sabha or the Rajya Sabha.<\/li>\n<li>2. It can be returned by the President for reconsideration.<\/li>\n<li>3. It requires the consent of the President before introduction.<\/li>\n<li>4. It cannot be introduced in the Rajya Sabha.<\/li>\n<\/ul>\n<p>Which of the above statements are correct?<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;1, 2, 3 and 4&#8243; option3=&#8221;2, 3 and 4 only&#8221; option4=&#8221;3 and 4 only&#8221; correct=&#8221;option4&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC Combined Section Officer &#8211; 2019-20<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-combined-section-officer-2019-20.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-combined-section-officer-2019-20\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe correct answer is D) 3 and 4 only.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nStatement 1 is incorrect: A Money Bill can only be introduced in the Lok Sabha, not the Rajya Sabha (Article 109(1)).<br \/>\nStatement 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.<br \/>\nStatement 3 is correct: A Money Bill can be introduced in Lok Sabha only on the recommendation of the President (Article 117(1)).<br \/>\nStatement 4 is correct: As stated in point 1, it cannot be introduced in the Rajya Sabha.<br \/>\nTherefore, only statements 3 and 4 are correct.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nA Money Bill is defined in Article 110 of the Constitution. It deals with matters such as the imposition, abolition, remission, alteration or regulation of any tax; the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India; the custody of the Consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund, etc. The Speaker of the Lok Sabha has the final authority to decide whether a Bill is a Money Bill or not.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements regarding Money Bill :\n \n 1. It can\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/#more-93616\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements regarding Money Bill :<\/p>\n<p> 1. It can<\/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":[1090],"tags":[1483,1099,1111],"class_list":["post-93616","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-2019-20","tag-indian-polity-and-governance","tag-the-parliament","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements regarding Money Bill :  1. It can<\/title>\n<meta name=\"description\" content=\"The correct answer is D) 3 and 4 only. Statement 1 is incorrect: A Money Bill can only be introduced in the Lok Sabha, not the Rajya Sabha (Article 109(1)). 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.\" \/>\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\/consider-the-following-statements-regarding-money-bill-1-it-can\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements regarding Money Bill :  1. It can\" \/>\n<meta property=\"og:description\" content=\"The correct answer is D) 3 and 4 only. Statement 1 is incorrect: A Money Bill can only be introduced in the Lok Sabha, not the Rajya Sabha (Article 109(1)). 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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:54:09+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=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements regarding Money Bill :  1. It can","description":"The correct answer is D) 3 and 4 only. Statement 1 is incorrect: A Money Bill can only be introduced in the Lok Sabha, not the Rajya Sabha (Article 109(1)). 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.","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\/consider-the-following-statements-regarding-money-bill-1-it-can\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements regarding Money Bill :  1. It can","og_description":"The correct answer is D) 3 and 4 only. Statement 1 is incorrect: A Money Bill can only be introduced in the Lok Sabha, not the Rajya Sabha (Article 109(1)). 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.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:54:09+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/","name":"Consider the following statements regarding Money Bill : 1. It can","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:54:09+00:00","dateModified":"2025-06-01T11:54:09+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The correct answer is D) 3 and 4 only. Statement 1 is incorrect: A Money Bill can only be introduced in the Lok Sabha, not the Rajya Sabha (Article 109(1)). 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.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-money-bill-1-it-can\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC Combined Section Officer","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-combined-section-officer\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements regarding Money Bill : 1. 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