GS PrelimsPolityMoney Bill2000

Which one of the following statements about a Money Bill is not correct?

A

A Money Bill can be tabled in either House of Parliament

B

The Speaker of Lok Sabha is the final authority to decide whether a Bill is a Money Bill or not

C

The Rajya Sabha must return a Money Bill passed by Lok Sabha and send it for consideration within 14 days

D

The President cannot return a Money Bill to Lok Sabha for reconsideration

Correct Answer: Option A

Explanation

1. The question asks to identify the statement regarding a Money Bill that is not correct according to the Constitution of India. 2. Statement (A) is incorrect. As per Article 109(1), a Money Bill can only be introduced in the Lok Sabha, not in either House of Parliament. 3. Statement (B) is correct. Article 110(3) explicitly states that the decision of the Speaker of Lok Sabha regarding whether a Bill is a Money Bill or not is final. 4. Statement (C) is correct. Article 109(2) requires the Rajya Sabha to return a Money Bill transmitted by the Lok Sabha within a period of 14 days. 5. Statement (D) is correct. According to Article 111, the President may give or withhold assent to a Money Bill but does not have the power to return it to the Lok Sabha for reconsideration.

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