Question : Who among the following decides if a particular bill is a money bill or not?
Option 1: President
Option 2: Speaker of Lok Sabha
Option 3: Chairman of Rajya Sabha
Option 4: Finance Minister
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Correct Answer: Speaker of Lok Sabha
Solution : The correct answer is Speaker of Lok Sabha .
A bill's status as a money bill is determined by the Lok Sabha's Speaker. A money bill is one that the Speaker certifies to be such, and the Speaker's judgment cannot be contested. Article 110 of the Indian Constitution defines a money bill. Money bills deal with money-related issues like taxation, government spending, etc.
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Question : Rajya Sabha is chaired by_____ whereas Lok Sabha is chaired by _____.
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