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?

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

**Solution:**

1. The Speaker of the Lok Sabha is the sole authority to certify whether a bill is a Money Bill under Article 110 of the Indian Constitution. This certification is final and cannot be questioned in any court.

2. A Money Bill does not require the approval of both Houses in the same manner as an ordinary bill. It is introduced only in the Lok Sabha and after passage, it is sent to the Rajya Sabha for recommendations.

3. The Rajya Sabha cannot amend or reject a Money Bill. It must return the Money Bill to the Lok Sabha within 14 days, with or without recommendations. The Lok Sabha may accept or reject any or all recommendations.

Therefore, statements 1 and 3 are correct, while statement 2 is incorrect.

**Answer:** 1 and 3 only

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