With reference to a Money Bill in the Indian Parliament, consider the following statements: 1. The Speaker of the Lok Sabha certifies whether a bill is a Money Bill. 2. A Money Bill must be passed by both Houses of Parliament to become law. 3. The Rajya Sabha must return a Money Bill withi

Question

With reference to a Money Bill in the Indian Parliament, consider the following statements: 1. The Speaker of the Lok Sabha certifies whether a bill is a Money Bill. 2. A Money Bill must be passed by both Houses of Parliament to become law. 3. The Rajya Sabha must return a Money Bill within 14 days. Which of the statements given above is/are correct?

Accepted Answer

1 and 3 only. The Speaker of the Lok Sabha certifies a bill as a Money Bill. A Money Bill does not need to be passed by both Houses; the Rajya Sabha can only recommend changes and must return it within 14 days.

Solution

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