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Q58 (CISF/2018) Polity & Governance › Parliament

Who among the following certifies a bill as a Money Bill ?

Explanation

Under Article 110 of the Constitution of India, the definition and procedure for a Money Bill are established. According to Article 110(3), if any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the House of the People (Lok Sabha) shall be final. Furthermore, Article 110(4) requires that the Speaker endorse a certificate on every Money Bill when it is transmitted to the Council of States (Rajya Sabha) and when it is presented to the President for assent. While a Money Bill can only be introduced on the recommendation of the President, and the Finance Minister usually introduces it, the specific power to certify the bill's status rests exclusively with the Speaker. The Chairman of the Rajya Sabha has no power in this certification process.

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