Bills of which of the following categories can be initiated only in Lok Sabha ?

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Q: (SSC/0)
Bills of which of the following categories can be initiated only in Lok Sabha ?

question_subject: 

Polity

question_exam: 

SSC

stats: 

0,88,9,5,3,88,1

keywords: 

{'lok sabha': [42, 3, 20, 27], 'ordinary bill': [0, 0, 0, 1], 'private members bill': [1, 0, 0, 0], 'money bill': [7, 1, 3, 9], 'bills': [3, 0, 1, 3], 'categories': [2, 0, 2, 9], 'ment bill': [1, 0, 0, 0], 'constitution amend': [1, 0, 0, 0]}

The correct answer is option 3, Money Bill. This is because according to the Indian Constitution, the initiation of Money Bills can only take place in the Lok Sabha. Money Bills are those bills that deal with matters related to taxation, government spending, borrowing, and the Consolidated Fund of India. They are important for the government`s financial functioning. While other types of bills, such as Ordinary Bills and Private Members Bills, can be introduced in either the Lok Sabha or the Rajya Sabha, Money Bills must originate in the Lok Sabha. This is because the Lok Sabha is considered the House of the People, and since financial matters are closely associated with people`s interests, it is believed that the elected representatives in the Lok Sabha should take the lead in discussing and deciding on Money Bills.

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