Q: (SSC/0)
question_subject:
Polity
question_exam:
SSC
stats:
0,41,8,3,4,41,1
keywords:
{'money bill': [7, 1, 3, 9], 'finance minister': [4, 0, 3, 1], 'lok sabha': [42, 3, 20, 27], 'bill': [16, 1, 6, 29], 'prime minister': [6, 3, 0, 4], 'india': [8, 1, 7, 13], 'president': [4, 0, 2, 1]}
The correct answer is option 3, the Speaker of the Lok Sabha. In India, a Bill can be categorized as a Money Bill if it deals with matters related to taxation, government expenditure, or the Consolidated Fund of India. The certification of a Bill as a Money Bill is done by the Speaker of the Lok Sabha. The Speaker examines the provisions of the Bill to determine if it meets the criteria defined in Article 110 of the Indian Constitution. This certification is important because once a Bill is certified as a Money Bill, it can only be introduced in the Lok Sabha and not in the Rajya Sabha. This distinction gives the Lok Sabha the sole authority to pass or reject the Bill, and the Rajya Sabha can only suggest amendments.