LIVE Course for free

Rated by 1 million+ students
Get app now
JEE MAIN 2023
JEE MAIN 2023 TEST SERIES
NEET 2023 TEST SERIES
NEET 2023
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
15 views
in GK by (48.2k points)
closed by
 With respect to the Money bill Which of the Following Statements are correct?
  1. It can be introduced in either house of the Parliament
  2. Rajya Sabha has the power to reject it
  3. Speaker of Lok Sabha has discretionary power to certify a Bill to be money bill or not
  4. Money bill is introduced on the Prior Recommendation of the President

1. Statement I, II and IV only
2. Statement III and IV only
3. Statement II and IV only
4. All the above statements

1 Answer

0 votes
by (41.0k points)
selected by
 
Best answer
Correct Answer - Option 2 : Statement III and IV only

The correct answer is option (2) i.e. Statement III and IV only

  • Under Article 110, a bill will be a money bill if it contains only provisions dealing with all or any of them, These comprise a set of seven features, broadly including items such as the imposition or regulation of a tax; the regulation of the borrowing of money by the Government of India; the withdrawal of money from the Consolidated Fund of India and so.
  • Article 110 further clarifies that in cases where a dispute arises over whether a bill is a money bill or not, the Lok Sabha Speaker’s decision on the issue shall be considered final.
  • It can only be introduced in the Lok sabha. 
  • Rajya Sabha can’t reject the bill, though Rajya Sabha may recommend changes in it but it is up to Lok Sabha whether to accept it or not.
  • It is only introduced in the Lok Sabha that too on the prior recommendation of the President.
  • It can be introduced by a Minister only. That means it is a Public Bill.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...