Q. Which of the following statements is/are correct regarding the Money Bill in India?
1. The President is the final authority to certify a Bill as a Money Bill.
2. A Constitution Amendment Bill can also be treated as a Money Bill.
Select the correct answer using the code below:
Answer: D
Notes:
Exp) Option d is the correct answer.
Statement 1 is incorrect. If any question arises whether a Bill is a Money Bill or not, the decision of Speaker thereon is final. The Speaker is under no obligation to consult any one in coming to a decision or in giving certificate that a Bill is a Money Bill.
Statement 2 is incorrect. A Constitution Amendment Bill is not treated as a Money Bill even if all its provisions attract article 110(1) for the reason that such amendments are governed by article 368 which over-rides the provisions regarding Money Bills. A money bill can only be introduced in the Lok Sabha and that too on the recommendation of the president.
