With reference to the Money Bill under the Constitution of India, consider the following statements: 1. A Money Bill can be introduced only in the Lok Sabha. 2. The decision of the Speaker of the Lok Sabha to certify a Bill as a Money Bill is final under the Constitution. 3. The Rajya Sabha can amend or reject a Money Bill. Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: B

Notes:

Explanation:

Statements 1 and 2 are correct: Under Article 110, a Money Bill can be introduced only in the Lok Sabha, and the Speaker’s certification is treated as final under the Constitution.
Statement 3 is incorrect: The Rajya Sabha cannot amend or reject a Money Bill; it can only make recommendations, which the Lok Sabha may accept or reject.

Source- IE