Q. Consider the following statements:
1.The decision of the Speaker of the Lok Sabha is final, whether a bill is a money bill or not.
2.The decision of speaker cannot be questioned by President.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: If any question arises whether a bill is a money bill or not, the decision of the Speaker of the Lok Sabha is final.

  • His decision in this regard cannot be questioned in any court of law or in the either House of Parliament or even the president.
  • When a money bill is transmitted to the Rajya Sabha for recommendation and presented to the president for assent, the Speaker endorses it as a money bill.

Source: Laxmikanth’s Polity

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