Question : Which of the following statements about a Money Bill is not correct?
Option 1: A money bill can be tabled in either House of Parliament.
Option 2: The Speaker of Lok Sabha is the final authority to decide whether a Bill is a Money Bill.
Option 3: The Rajya Sabha must return a Money Bill passed by the Lok Sabha and send it for consideration within 14 days.
Option 4: The President cannot return a Money Bill to the Lok Sabha for reconsideration.
Correct Answer: A money bill can be tabled in either House of Parliament.
Solution : The correct answer is A money bill can be tabled in either House of Parliament .
A particular type of financial bill known as a "money bill" only addresses issues about taxes, government receipts, or expenditures. It cannot be introduced in the Rajya Sabha, the upper house of Parliament, but only in the Lok Sabha, the lower house. According to Article 110, a "Money Bill" is a document that contains clauses governing taxes, rules governing government borrowing, and expenditures or receipts from the Consolidated Fund of India.
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