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Legislative Assembly

Q. Consider t...

Question

Q. Consider the following statements regarding the money bill:

Which of the statement(s) given above is/are incorrect?

A

1 only

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B

2 only

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C

Both 1 and 2

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D

Neither 1 nor 2

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Solution

The correct option is B 2 only
Explanation:

Money Bill is defined in Article 110 of the Indian Constitution. Money bills are concerned with financial matters like taxation, public expenditure, etc.

Statement 1 is correct: President’s recommendation is needed to introduce the money bill in Lok Sabha. It can only be introduced in the lower house of the parliament.

Statement 2 is incorrect: Rajya Sabha does not have any actual power regarding money bill. It can only delay it upto 14 days. But it can suggest amendments in the money bill but it's up to the Lok Sabha to consider these amendments or not.

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Similar questions

Q. Consider the following statements about the powers of Rajya Sabha regarding Money Bill:
1. It cannot reject a Money Bill.
2. It can make recommendations on a Money Bill.
3. It can amend a Money Bill.
Which of the above statements given above is/are incorrect?

Q. 4. Consider the following:

Which of the above statements is correct?

a) i) only
b) ii) only
d) None
c) Both

Q. Which of the following statements are not true?
1. The Rajya Sabha has no power to reject or amend a Money Bill.
2. The Speaker of Lok Sabha has sole and final power of deciding whether a Bill is a Money Bill.
3. In the creation of All-India Services the Lok Sabha has more powers than the Rajya Sabha.
4. In 1976 the Money Bill was introduced in the Rajya Sabha.

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3. It can be amended in the Rajya Sabha.
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