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Prelims 2024 · Q68 · Money Bills & budget

Which of the following statements are correct in respect of a Money Bill in the Parliament ?

  1. 1.Article 109 mentions special procedure in respect of Money Bills.
  2. 2.A Money Bill shall not be introduced in the Council of States.
  3. 3.The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.
  4. 4.Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha.

Select the answer using the code given below :

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Answer: C. Statement 1 is correct: Article 109 sets out the special procedure for Money Bills. Statement 2 is correct: a Money Bill cannot be introduced in the Rajya Sabha. Statement 3 is correct: the Rajya Sabha cannot reject it; it can only return it within 14 days with recommendations. Statement 4 is wrong: the Lok Sabha may accept or reject those recommendations. So 1, 2 and 3.

Watch for: Statement 4 sounds like normal two-House law-making, but for Money Bills the Lok Sabha has the final say.

Why the other options are wrong
  • A. Wrong because Statement 3 is also correct.
  • B. Wrong because Statement 1 is also correct.
  • D. Wrong because the Lok Sabha is not bound to accept the Rajya Sabha's recommendations.

Source to check: Constitution of India, Articles 109 and 110; NCERT Class 11 Indian Constitution at Work, Chapter 5 'Legislature'

Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.