Q. With reference to Money Bill and Ordinary Bill, consider the following statements:
1. An ordinary bill can be introduced either by a minister or by a private member of the house, whereas Money bills can be introduced only by a minister.
2. Unlike the Ordinary bill, Money bill requires the certification of the Speaker when transmitted to the Rajya Sabha.
Which of the statements given above is/are correct?
Exp) Option c is the correct answer.
In a parliamentary system of government, bills are proposed laws or legislative proposals that are introduced in parliament.
Statement 1 is correct: Ordinary Bills can be introduced either in the Lok Sabha or the Rajya Sabha. It can be introduced either by a minister or by a private member. Money Bills can be introduced only in the Lok Sabha and not in the Rajya Sabha. It can be introduced only by a minister.
Statement 2 is correct: Money Bill requires the certification of the Speaker when transmitted to the Rajya Sabha. Ordinary bill does not require the certification of the Speaker when transmitted to the Rajya Sabha (if it has originated in the Lok Sabha).
| Important Tips Comparison between Money bill and Constitution amendment bill: | ||
| Difference | Money Bill | Constitutional Amendment Bill |
| Article | Article 110 | Article 368 |
| Introduced by | Only by a Minister | Be it by a minister or by a private member |
| Introduced In | Lok Sabha only | Lok Sabha or Rajya Sabha |
| Prior Approval by the President | Required | Not required |
| Certification of a Speaker | Speaker decide whether bill is money bill or not | The classification of this Bill does not require the Speaker’s approval. |
| The Role of the Rajya Sabha | The Rajya Sabha has no authority to reject or amend the Money Bill. | Equal power like Lok Sabha |
