UPSC Prelims 2024 Question:

Which of the following statements are correct in respect of a Money Bill in the Parliament?

1. Article 109 mentions special procedure in respect of Money Bills.
2. A Money Bill shall not be introduced in the Council of State.
3. The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.
4. Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha.
   
   

Select the answer using the code given below:

Explanation:

• Article 109 of the Constitution of India specifies the special procedure that is to be followed for the consideration and passage of Money Bills. So, statement 1 is correct.
  
  
• According to Article 110(1), a Money Bill can only be introduced in the Lok Sabha (House of the People) and not in the Rajya Sabha (Council of States). So, statement 2 is correct.
  
  
• As per Article 109, the Rajya Sabha can suggest amendments to a Money Bill, but it cannot reject it. It must return the Bill to the Lok Sabha within 14 days with or without amendments. So, statement 3 is correct.
  
  
• While the Lok Sabha has the option to accept or reject the amendments suggested by the Rajya Sabha, it is not obligated to accept them. The Lok Sabha may choose to accept some amendments, all amendments, or reject them entirely. So, statement 4 is not correct.
  
  

Therefore, option (3) is the correct answer.

Subject: Polity| Bills and Acts