Q. Which one of the following would happen if the Rajya Sabha does not approve the Finance Bill (Article 110) within the prescribed time?

[A] The Finance Bill is sent back to the Lok Sabha for reconsideration

[B] The President of India takes the final decision on the Bill

[C] The Bill is deemed to have been passed after 14 days

[D] The Prime Minister must present a revised version of the Bill

Answer: C
Notes:

Explanation – According to Article 110 of the Indian Constitution, the Finance Bill is considered a Money Bill. The Rajya Sabha can make recommendations on a Money Bill, but it does not have the authority to amend or reject it. If the Rajya Sabha does not act on the Bill within 14 days, it is deemed to have been passed by both Houses of Parliament, regardless of approval. This ensures timely financial legislation.

Source: The Hindu

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