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Question
Whether the bill in the Parliament, is a money bill or not, is decided by _______.
Whether the bill in the Parliament, is a money bill or not, is decided by _______.
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Solution
The correct option is D Speaker
When a Money Bill is returned to the Lok Sabha with the
recommended amendments of the Rajya Sabha it is open to Lok Sabha to accept or
reject any or all of the recommendations. A money bill is deemed to have passed
both houses with any recommended amendments the Lok Sabha chooses to accept,
(and without any that it chooses to decline). The definition of Money Bill is
given in the Article 110 of the Constitution of India. A financial bill is not
a Money Bill unless it fulfills the requirements of the Article 110. The
Speaker of the Lok Sabha certifies if a Finance bill is a Money Bill or not.
When a Money Bill is returned to the Lok Sabha with the recommended amendments of the Rajya Sabha it is open to Lok Sabha to accept or reject any or all of the recommendations. A money bill is deemed to have passed both houses with any recommended amendments the Lok Sabha chooses to accept, (and without any that it chooses to decline). The definition of Money Bill is given in the Article 110 of the Constitution of India. A financial bill is not a Money Bill unless it fulfills the requirements of the Article 110. The Speaker of the Lok Sabha certifies if a Finance bill is a Money Bill or not.
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