Q. Consider the following statements regarding money bill:
1.It is introduced only in the Lok Sabha.
2.It is introduced only by a Minister.
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: The Constitution lays down a special procedure for the passing of money bills in Parliament.

  • A money bill can only be introduced in the Lok Sabha and that too on the recommendation of the president.
  • Every such bill is considered to be a government bill and can be introduced only by a minister.

Source: Laxmikanth’s Polity

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