Which of the following statements are correct in respect of a Money Bill in the Parliament? 1. Article 109 mentions special procedure in respect of Money Bills. 2. A Money Bill shall not be introduced in the Council of States. 3. The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it. 4. Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha. Select the answer using the code given below :

QUESTION

Easy

Indian Polity

Prelims 2024

Which of the following statements are correct in respect of a Money Bill in the Parliament?

Article 109 mentions special procedure in respect of Money Bills.
A Money Bill shall not be introduced in the Council of States.
The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.
Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha.

Select the answer using the code given below :

Select an option to attempt

Explanation

Article 109 of the Indian Constitution specifically deals with the special procedure for Money Bills. (Correct)
Article 109(1) states that a Money Bill shall not be introduced in the Council of States (Rajya Sabha). It can only be introduced in the Lok Sabha (House of the People). (Correct)
Article 109(5) states that the Rajya Sabha can't reject a Money Bill. It can only make recommendations within 14 days, which the Lok Sabha may or may not accept. (Correct)
The Lok Sabha has the ultimate power regarding Money Bills. It is not bound to accept any amendments suggested by the Rajya Sabha. (Incorrect)