Question : Money bills can be introduced first in which house of Parliament?
Option 1: Only in Lok Sabha
Option 2: Only in Rajya Sabha
Option 3: Both in Lok Sabha and Rajya Sabha
Option 4: Either in Lok Sabha or in Rajya Sabha
Correct Answer: Only in Lok Sabha
Solution : The correct answer is Only in Lok Sabha.
The Money Bill (Article 110) addresses financial issues such as taxation, governmental expenditure, etc. There must be a money bill tabled to the Lok Sabha. The only authorisation needed to introduce a money bill is the president's recommendation.
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