Which of the following statements are correct in respect of a Money Bill in…
Which of the following statements are correct in respect of a Money Bill in the Parliament? 1. Article 109 mentions special procedure in respect of Money Bills. 2. A Money Bill shall not be introduced in the Council of States. 3. The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it. 4. Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha. Select the answer using the code given below :
- A1 and 2 only
- B2 and 3 only
- C1, 2 and 3
- D1, 3 and 4
Answer and explanation
Correct answer: C
* Article 109 of the Indian Constitution specifically deals with the special procedure for Money Bills. (Correct)
* Article 109(1) states that a Money Bill shall not be introduced in the Council of States (Rajya Sabha). It can only be introduced in the Lok Sabha (House of the People). (Correct)
* Article 109(5) states that the Rajya Sabha can't reject a Money Bill. It can only make recommendations within 14 days, which the Lok Sabha may or may not accept. (Correct)
* The Lok Sabha has the ultimate power regarding Money Bills. It is not bound to accept any amendments suggested by the Rajya Sabha. (Incorrect)
Therefore, statements 1, 2, and 3 are correct.