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:

1. 1 and 2 only
2. 2 and 3 only
3. 1, 2 and 3
4. 1, 3 and 4

Explanation

Statement 1 is correct

• Article 109 of the Indian Constitution provides for the special procedure in respect of Money Bills. It states that:

Statement 2 is correct

• A Money Bill shall not be introduced in the Council of States (Rajya Sabha); it can only be introduced in the House of the People (Lok Sabha).

Statement 3 is correct but statement 4 is incorrect

• Once the Lok Sabha passes a Money Bill, it is sent to the Rajya Sabha for its recommendations and the Rajya Sabha shall within a period of fourteen days from the date of receipt of the Bill return the Bill to the House of the People with its recommendations and the House of the People may thereupon either accept or reject all or any of the recommendations of the Council of States.
• If the Lok Sabha accepts any of the Rajya Sabha’s recommendations, the Bill is considered to have been passed by both Houses with those amendments.
• If the Lok Sabha does not accept any of the recommendations, the Bill is deemed to have been passed in its original form as approved by the Lok Sabha.
• If the Rajya Sabha does not return the Bill within 14 days, it is also deemed to have been passed in its original form as passed by the Lok Sabha.

Answer: (c) 1, 2 and 3; Difficulty Level: Easy