Question

Assertion (A): Money bill cannot be returned by the President to the Parliament

Reason (R): Money bill is presented in the Lok Sabha with the permission of the President

1. Both (A) and (R) are true and (R) is the correct explanation of (A)
2. Both (A) and (R) are true but (R) is not the correct explanation of (A)
3. (A) is true but (R) is false
4. (A) is false but (R) is true

Answer 1

Correct Answer - Option 1 : Both (A) and (R) are true and (R) is the correct explanation of (A)

The correct answer is Both (A) and (R) are true and (R) is the correct explanation of (A).

• A money bill can only be introduced in parliament with the prior permission of the President of India.
• The money bill cannot be returned by the President to the parliament for its reconsideration, as it is presented in the Lok Sabha with his permission.
• Money Bills can be introduced only in Lok Sabha (the directly elected 'people's house' of the Indian Parliament).
• Money bills passed by the Lok Sabha are sent to the Rajya Sabha.
• When a Money Bill is returned to the Lok Sabha with the recommended amendments of the Rajya Sabha, it is open to the Lok Sabha to accept or reject any or all of the recommendations.
• A money bill is deemed to have passed both houses with any recommended amendments the Lok Sabha chooses to accept, and without any that it chooses to decline.

• The definition of "Money Bill" is given in Article 110 of The Constitution of India.
• It is decided by the Speaker of Lok Sabha that the Bill is Money Bill or not.
• A financial bill is not a Money Bill unless it fulfils the requirements of Article 110.