Which of the following statements are correct in respect of a Money Bill in the Parliament?Article 1

Question

Which of the following statements are correct in respect of a Money Bill in the Parliament?Article 109 mentions special procedure in respect of Money Bills.A Money Bill shall not be introduced in the Council of States.The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.Amendment to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha.Select the correct answer using the code given below:

Accepted Answer

Article 109 provides for the Special procedure in respect of Money Bills. Hence, statement 1 is correct.The provisions mentioned in Article 109 are as follows:A Money Bill shall not be introduced in the Council of States. Hence, statement 2 is correct.After the House of the People has passed a Money Bill it shall be transmitted to the Council of States for its recommendations and the Council of States shall within a period of fourteen days from the date of its receipt of the Bill return the Bill to the House of the People with its recommendations.The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it. Hence, statement 3 is correct.The House of the People may thereupon either accept or reject all or any of the recommendations of the Council of States.If the House of the People accepts any of the recommendations of the Council of States, the Money Bill shall be deemed to have been passed by both Houses with the amendments recommended by the Council of States and accepted by the House of the People.If the House of the People does not accept any of the recommendations of the Council of States, the Money Bill shall be deemed to have been passed by both Houses in the form in which it was passed by the House of the People without any of the amendments recommended by the Council of States. Hence, statement 4 is not correct.If a Money Bill passed by the House of the People and transmitted to the Council of States for its recommendations is not returned to the House of the People within the said period of fourteen days, it shall be deemed to have been passed by both Houses at the expiration of the said period in the form in which it was passed by the House of the People.Source: Laxmikanth