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

1. A Money Bill can be tabled in either House of Parliament
2. The Speaker of Lok Sabha is the final authority to decide whether a Bill is a Money Bill or not
3. The Rajya Sabha must return a Money Bill passed by Lok Sabha and send it for consideration within 14 days
4. The President cannot return a Money Bill to Lok Sabha for reconsideration

Explanation

Option (a) is the correct answer

• A Money Bill can be introduced only in the Lok Sabha, not in either House. Hence, option (a) is incorrect. The Speaker of the Lok Sabha has the final authority to certify a Bill as a Money Bill (Article 110). The Rajya Sabha must return the Money Bill within 14 days, with or without recommendations. The President cannot return a Money Bill for reconsideration (Article 111).

Answer: (a) A Money Bill can be tabled in either House of Parliament