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Q42 (CAPF/2014) Polity & Governance › Parliament › Money and finance bills Answer Verified

Which of the following statements related to Money Bills is not correct ?

Result
Your answer: —  Â·  Correct: C
Explanation

Under the Indian Constitution, Money Bills follow a unique legislative procedure that distinguishes them from ordinary bills. A Money Bill can only be introduced in the Lok Sabha (House of the People) and not in the Council of States (Rajya Sabha) [2]. It requires the prior recommendation of the President for its introduction [2]. Furthermore, if any dispute arises regarding whether a bill qualifies as a Money Bill under Article 110, the decision of the Speaker of the Lok Sabha is final and cannot be questioned [2]. Crucially, while a joint sitting of Parliament can be summoned by the President to resolve a deadlock over an ordinary bill, there is no provision for a joint sitting in the case of a Money Bill. The Rajya Sabha has limited powers and must return the bill within 14 days; if it fails to do so or if its recommendations are rejected, the bill is still deemed passed [1].

Sources

  1. [1] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > Money Bill. > p. 248
  2. [2] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > Money Bill. > p. 247
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