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Question
The Money Bills or Finance Bills have to be first introduced in the ________.
The Money Bills or Finance Bills have to be first introduced in the ________.
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Solution
The correct option is C Lok Sabha
Only those financial bills which contain provisions exclusively on matters listed in article 110 of the constitution are called Money Bills. It can be introduced only in the Lok Sabha. It needs prior recommendation before of the President before its introduction. It can be a government bill only and not a private bill. Rajya Sabha has very little say in the passage of this Bill. President can withhold assent to money bill but cannot return it for reconsideration of the Lok Sabha.
Only those financial bills which contain provisions exclusively on matters listed in article 110 of the constitution are called Money Bills. It can be introduced only in the Lok Sabha. It needs prior recommendation before of the President before its introduction. It can be a government bill only and not a private bill. Rajya Sabha has very little say in the passage of this Bill. President can withhold assent to money bill but cannot return it for reconsideration of the Lok Sabha.
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