Polity & Governance2024
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:
Explanation
The correct option is 1, 2, and 3. Article 110 of the Indian Constitution defines a Money Bill and mandates that it can only be introduced in the Lok Sabha, not the Rajya Sabha (statement 2). Furthermore, while the Rajya Sabha can suggest amendments to a Money Bill, it cannot reject or disapprove it, ensuring that the Lok Sabha has ultimate authority (statement 3). Article 109 outlines the special procedure for Money Bills, affirming their treatment in parliamentary processes (statement 1). This framework emphasizes the supremacy of the Lok Sabha in financial matters, which is critical for maintaining accountability and legislative efficiency.
