Q. With reference to Money Bills in the Indian Parliament, consider the following statements:
1.A Money Bill can be introduced only in the Lok Sabha.
2.The President’s recommendation is required before a Money Bill is introduced in Parliament.
3.The Rajya Sabha must return a Money Bill to the Lok Sabha within 14 days of receiving it.
4.No joint sitting of Parliament is held to resolve a disagreement over a Money Bill.
Which of the statements given above are correct?
Answer: D
Notes:
Explanation:
- Statement 1 is correct: A Money Bill can be introduced only in the Lok Sabha.
- Statement 2 is correct: The President’s recommendation is required before a Money Bill can be introduced in Parliament.
- Statement 3 is correct: The Rajya Sabha must return a Money Bill to the Lok Sabha within 14 days, with or without its recommendations.
- Statement 4 is correct: No joint sitting is held to resolve a disagreement over a Money Bill.
Source- IE
