Q. Consider the following statements:
1.A Money Bill contains provisions exclusively related to financial matters.
2.The Rajya Sabha cannot recommend amendments to the Money Bill.
3.A Money Bill is certified by the Speaker of the Lok Sabha, while a Financial Bill is not.
How many of the statements given above are correct?
Explanation –
Statements 1 and 3 are correct. According to Article 110(1) of the Indian Constitution, a Money Bill contains only provisions dealing with specified financial matters such as taxation, borrowing of money, and appropriation of funds from the Consolidated Fund of India. The Speaker of the Lok Sabha certifies a bill as a Money Bill, and this certification is final. Financial Bills, on the other hand, do not require such certification by the Speaker.
Statement 2 is incorrect. The Rajya Sabha can recommend amendments to a Money Bill, but it cannot reject or amend the bill itself. The Lok Sabha may choose to accept or reject the recommendations made by the Rajya Sabha.
Source: The Hindu
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