Which of the following statements about a Money Bill is not correct?

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Q: (SSC/0)

Which of the following statements about a Money Bill is not correct?

question_subject: 

Polity

question_exam: 

SSC

stats: 

0,99,7,99,3,0,4

keywords: 

{'money bill': [7, 1, 3, 9], 'lok sabha': [42, 3, 20, 27], 'rajya sabha': [50, 3, 22, 40], 'bill': [16, 1, 6, 29], 'parliament': [15, 1, 3, 8]}

Option 1: A Money Bill can be tabled in either House of Parliament.

The statement is incorrect. According to Article 110 of the Indian Constitution, a Money Bill can only be introduced in the Lok Sabha, the lower house of Parliament. The Rajya Sabha, the upper house, does not have the power to initiate or amend Money Bills.

Option 2: The Speaker of Lok Sabha is the final authority to decide whether a Bill is a Money Bill or not.

The statement is correct. According to Article 110, the Speaker of the Lok Sabha has the authority to determine whether a Bill is a Money Bill or not.

Option 3: The Rajya Sabha must return a Money Bill passed by the Lok Sabha and send it for consideration within 14 days.

The statement is incorrect. The Rajya Sabha cannot amend or reject a Money Bill, but it has the power to suggest amendments. It must return the Bill to the Lok Sabha within 14 days with its recommendations, but ultimately the Lok Sabha can either accept or reject these recommendations.

Option 4: The President cannot return a Money Bill to the Lok Sabha for reconsideration.

The statement is correct. Once a Money Bill is passed by both houses of Parliament and presented to the President, the President can