Q. With reference to ‘Money bills’, consider the following statements:
1. They can be introduced either by a minister or by a private member.
2. They requires the certification of the speaker whenever transmitted to the Rajya Sabha.
3. Defeat of Money bills introduced in Lok Sabha leads to the resignation of the government.
How many of the above given statements are correct
Exp) Option b is the correct answer.
Article 110 of the Constitution deals with the definition of Money bills. Money bills are concerned with financial matters like taxation, public expenditure.
Statement 1 is incorrect: Ordinary bills can be introduced either by a minister or by a private member. Whereas, Money bill can be introduced only by a minister.
Statement 2 is correct: Money bills always require the certification of the speaker whenever transmitted to the Rajya Sabha. Whereas ordinary bills do not require such certification.
Statement 3 is correct: Money bill’s defeat in the Lok Sabha leads to the resignation of the government. Defeat of nonMoney bills introduced by a minister in Lok Sabha may lead to the resignation of the government.
| Important Tips There are three types of financial bills: 1. Money bills—Article 110 2. Financial bills (I)—Article 117 (1) 3. Financial bills (II)—Article 117 (3) All money bills are also financial bills, but not all financial bills are. |
