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Question

If the Rajya Sabha rejects a Money Bill, then which of the following is correct?

A
Lok Sabha may or may not accept its recommendation
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B
Lok Sabha may not consider it at all
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C
President calls a joint session for passing of the Bill
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D
Bill is sent for further consideration
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Solution

The correct option is A Lok Sabha may or may not accept its recommendation
The Rajya Sabha has limited powers regarding the Money Bill. It cannot reject or amend the money bill after it is passed by the Lok Sabha and transmitted to the Rajya Sabha. It has to return the bill within 14 days with or without recommendations. It is on the discretion of Lok Sabha to accept or reject any or all of the recommendations made by the Rajya Sabha.

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