Political Science · Political Institutions in India
Which of these is/are correct about the Money Bill?
- 1. Provisions regarding money bills are in Article 109 (procedure) and Article 110 (definition)
- 2. The Lok Sabha Speaker is the final authority to certify a bill as a money bill
- 3. The Rajya Sabha can hold a money bill passed by the Lok Sabha for only 14 days
- 4. The Lok Sabha may or may not agree to the amendments made by the Rajya Sabha in a money bill
A1, 2, 3 and 4 ✓ Correct
B2, 3 and 4
C1, 2, 3, 4 and a fifth on presidential assent
D1, 2 and 3
Correct answer: (A) 1, 2, 3 and 4 — Items 1, 2, 3 and 4 are correct, so the answer is 1, 2, 3 and 4.
Explanation
★Items 1, 2, 3 and 4 are correct, so the answer is 1, 2, 3 and 4.
★Money bills are governed by Article 110, which defines them, and Article 109, on their procedure.
★The Speaker of the Lok Sabha is the final authority to certify a bill as a money bill.
★The Rajya Sabha can hold a money bill for only fourteen days and can only recommend changes.
★The Lok Sabha may accept or reject the Rajya Sabha's recommendations on a money bill.
★It is wrong to say the President cannot withhold assent, since the President may give or withhold assent but cannot return a money bill.
★So the four core statements about the money bill are correct.
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