Q. Which of the following statements is/ are correct regarding the passage of the Money Bill under the Constitution of India?

Select the correct answer using the code given below.

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is A 1 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: The President may either give or withhold assent to a Money Bill. Under the Constitution, a Money Bill cannot be returned to the House by the President for reconsideration as Money bills are introduced on the recommendation of the President

Statement 2 is incorrect: Money Bill can be introduced only by a minister and not by a private member.

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Similar questions

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2. The Bill does not require prior permission of the president.
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Which of the given statement/s is/are correct?

Q. Q24) consider the following statements
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Q. Which of the following statements is/ are correct regarding the passage of the Money Bill under the Constitution of India? Select the correct answer using the code given below.

Q. Which of the following statements is/ are correct regarding the passage of the Money Bill under the Constitution of India?

Select the correct answer using the code given below.