Money bill can be introduced first in which house of Parliament?

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Q: (SSC/0)
Money bill can be introduced first in which house of Parliament?

question_subject: 

Polity

question_exam: 

SSC

stats: 

0,28,4,28,1,2,1

keywords: 

{'rajya sabha': [50, 3, 22, 40], 'lok sabha': [42, 3, 20, 27], 'money bill': [7, 1, 3, 9], 'parliament': [15, 1, 3, 8]}

The correct answer is option 1 - Only in Lok Sabha.

In India, a money bill is a type of legislation that deals with matters related to taxation, government expenditure, or borrowing of money by the government. A money bill can only be introduced in the Lok Sabha, the lower house of Parliament.

This is because the Lok Sabha has more representation from the people, making it more democratic to introduce money bills there. Once a money bill is passed by the Lok Sabha, it is sent to the Rajya Sabha for its recommendations. However, the Rajya Sabha cannot amend or reject the money bill. It can only suggest amendments, which the Lok Sabha can choose to accept or reject.

This process ensures that the power over money matters rests with the directly elected representatives of the people in the Lok Sabha.