Regarding the legislative procedure for Money Bills in the Parliament of India, which of the following statements is correct?
Parliament, Lok Sabha, Rajya Sabha & Legislative Procedure — question ID 853
Options
A.
B.
Explanation
A Money Bill can only be introduced in the Lok Sabha. The Rajya Sabha cannot reject or amend a Money Bill; it must return the bill to the Lok Sabha within 14 days, either with or without recommendations. The Lok Sabha Speaker has the final authority to decide whether a bill is a Money Bill.