When a money bill is passed by the Lok Sabha (Lower House), it is deemed to have been passed by the Rajya Sabha (Upper House) as well if no action is taken by the Rajya Sabha within a specified time period. In this case, the correct option is option 2, which states that no action is taken by the Rajya Sabha within 14 days.

This provision is mentioned in the Constitution of India under Article 109. According to this article, a money bill can be introduced in either House of Parliament, but it cannot be held up or rejected by the Rajya Sabha. If the Rajya Sabha does not take any action on a money bill within 14 days, it is considered to have been passed by both Houses of Parliament.

By deeming the money bill to be passed by the Rajya Sabha, the government ensures that the bill becomes law swiftly and without any delay.