Provisions regarding Money bill
Q. Which of the following statements is/are correct about Money bill?
1. The Rajya Sabha may amend money bills
2. The Speaker of the Lok Sabha certifies if a Finance bill is a Money Bill or not.- Published on 24 Dec 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Only 2
- Rajya Sabha cannot make amendments in a Money Bill passed by Lok Sabha and transmitted to it.
- It can, however, recommend amendments in a Money Bill, but must return all Money Bills to Lok Sabha within fourteen days from the date of their receipt.
- It is open to Lok Sabha to accept or reject any or all of the recommendations of Rajya Sabha with regard to a Money Bill.
