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

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Submitted by examrobotsa on

Q: 59 (IAS/2000)
Which one of the following statements about a Money Bill is not correct ?

question_subject: 

Polity

question_exam: 

IAS

stats: 

0,294,77,294,34,22,21

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]}

The statement "A Money Bill can be tabled in either House of Parliament" is not correct.

According to Article 110 of the Constitution of India, a Money Bill can only be introduced in the Lok Sabha (House of the People), the lower house of Parliament. It cannot be introduced in the Rajya Sabha (Council of States), the upper house. Therefore, a Money Bill can only be tabled in the Lok Sabha and not in either House of Parliament.

The other statements are correct:

- The Speaker of Lok Sabha is indeed the final authority to decide whether a Bill is a Money Bill or not.

- The Rajya Sabha must return a Money Bill passed by the Lok Sabha within 14 days and can suggest amendments, but it cannot reject or amend the Bill. The Lok Sabha can consider these suggestions but is not obligated to accept them.

- The President cannot return a Money Bill to the Lok Sabha for reconsideration. The President has the power to either give assent to the Money Bill or withhold assent, but cannot suggest amendments or send it back for reconsideration.

So, the correct answer is: A Money Bill can be tabled in either House of Parliament.