Question

Q23) considerthe following statements about a money bill--
1. The Rajyasabha cannot initiate, reject money bills.
2. There is a provision for joint session of parliament,if there is a disagreement between the two houses
3.The Rajya sabha cannot suggest amendments to money bills
4. A money bill can be introduced only in the Loksabha
Which of the above statements is/are correct?

• A. a) 2,4only.
  
• B. b) 1,4only.
  
• C. c) 1,2,4 only.
  
• D. d) 1,3,4only.

Answer 1

The correct option is B b) 1,4only.


Ans: B
Article 110 of the Constitution deals with money bills.. A money bill can be introduced / originated only in Lok Sabha (or in legislative assembly in case of bicameral legislature in states).Once a money bill is passed in theLok Sabhaand sentto the Rajya Sabha for its consideration. Rajya Sabha has following limited powers in this context

• It can accept the bill.
• It can neither reject nor amend the money bill.
• It can make only recommendations and has to return the bill with or without recommendations to Lok Sabha in 14 days. If Rajya Sabha does not even return the bill in 14 days, it is considered passed in both houses.

The Lok Sabha may or may not acceptall or any of the recommendations of Rajya Sabha. Whether accepted or not, thus returned bill is considered passed in both.
There is no provision of joint sitting in case of money bills because opinion of Rajya Sabha is immaterial in this case.