Which of the following statements is/are correct regarding a Money Bill in the State Legislature?

Parliament, Lok Sabha, Rajya Sabha & Legislative Procedure — question ID 1074

Options

A.
B.

Explanation

A Money Bill in the State Legislature can only be introduced by a minister, not by a private member, and that too only with the prior recommendation of the Governor. Thus, Statement 1 is incorrect. Under the Constitution, the Governor is empowered to reserve a Money Bill for the consideration of the President of India. Therefore, Statement 2 is correct.