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Financial Powers of the Parliament

What power do...

Question

What power does the Lok Sabha exercise in the matter of money?

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Solution

The Lok Sabha exercises supreme power in the matter of money. Once the Lok Sabha passes the budget of the government or any other money related law the Rajya Sabha cannot reject it. The Rajya Sabha can only delay it by 14 days or suggest changes in it. The Lok Sabha may or may not accept these changes.

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Q. Lok Sabha exercised more powers than Rajya Sabha in the matters related to __________.

Q. Identify the institution which exercises more powers in money matters ___________.

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.

Q. Rajya Sabha has _______ power as Lok Sabha in important matters like the removal of the Vice-President.

Q. If the Rajya Sabha does not send the money bill back to the Lok Sabha within a period of 14 days ________________________.

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