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Q97 (NDA-II/2016) Polity & Governance › Parliament › Money and finance bills Answer Verified

Which one of the following statements about Money Bill is correct ?

Result
Your answer: —  Â·  Correct: D
Explanation

According to Article 110 of the Indian Constitution, if any question arises regarding whether a Bill is a Money Bill or not, the decision of the Speaker of the Lok Sabha is final [4]. This decision cannot be questioned in any court of law, either House of Parliament, or even by the President [4]. Regarding the other options: a Bill is specifically NOT deemed a Money Bill solely because it provides for the imposition of fines or penalties. Furthermore, a Money Bill can only be introduced in the Lok Sabha on the recommendation of the President [3]. The Rajya Sabha has restricted powers; it cannot reject or amend a Money Bill and must return it within 14 days with or without recommendations, which the Lok Sabha is free to accept or reject [2].

Sources

  1. [3] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > Money Bill. > p. 247
  2. [4] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 23: Parliament > Money Bill. > p. 247
  3. [1] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > Money Bill. > p. 248
  4. [2] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 23: Parliament > Money Bill. > p. 248
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