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Money Bills and Budget in India

A Money Bill ...

Question

A Money Bill passed by the Lok Sabha has to be passed/returned by Rajya Sabha within ______________.

A

14 days

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B

21 days

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C

1 month

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D

3 months

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Solution

The correct option is A 14 days
A Money Bill passed by the Lok Sabha has to be passed/returned by Rajya Sabha within 14 days. Money Bills exclusively contain provisions for imposition and abolition of taxes, appropriation of money out of the Consolidated Fund, etc. Money Bills can be introduced only in Lok Sabha on the approval of the President.

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