What will follow if a Money Bill is substantially amended by the Rajya Sabha?

1. The Lok Sabha may still proceed with the Bill, accepting or not accepting the recommendations of the Rajya Sabha
2. The Lok Sabha cannot consider the Bill further
3. The Lok Sabha may send the Bill to the Rajya Sabha for reconsideration
4. The President may call a joint sitting for passing the Bill

Explanation

Option (a) is correct

• After a money bill is passed by the Lok Sabha, it is transmitted to the Rajya Sabha for its consideration.
• The Rajya Sabha has limited powers regarding a money bill. It cannot reject or amend a money bill. It can only make recommendations. It must return the bill to the Lok Sabha within 14 days, whether with or without recommendations.
• The Lok Sabha can either accept or reject all or any of the recommendations of the Rajya Sabha. If the Lok Sabha accepts any recommendation, the bill is then deemed to have been passed by both Houses in the modified form. If the Lok Sabha does not accept any recommendation, the bill is then deemed to have passed by both the Houses in the form originally passed by the Lok Sabha without any change.

Answer: (a) The Lok Sabha may still proceed with the Bill, accepting or not accepting the recommendations of the Rajya Sabha; Difficulty Level: Easy