Indian Polity • Parliament & ExecutiveMedium
Which of the following describes the correct procedure regarding a Money Bill?
A. It can be introduced in either House of Parliament without prior presidential recommendation.
B. It can be introduced only in the Lok Sabha on the recommendation of the President.✓ Correct Answer
C. The Rajya Sabha can amend or reject a Money Bill by a two-thirds majority.
D. A joint sitting can be called if there is a deadlock between the two houses over a Money Bill.
💡 Solution & Explanation
Article 110 and Article 117 specify that a Money Bill can be introduced only in the Lok Sabha and that too upon the recommendation of the President. The Rajya Sabha has restricted powers and must return the bill within fourteen days with or without recommendations, which the Lok Sabha may accept or reject. A Money Bill cannot be referred to a joint sitting of Parliament because the Lok Sabha possesses ultimate authority over financial legislation.
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