Step 1: Understanding the Concept of a Money Bill
A Money Bill is a specific type of bill that deals with financial matters like taxation, government borrowing, and expenditure from the Consolidated Fund of India. It has a special procedure for passage. The question asks who has the final authority to certify a bill as a Money Bill.
Step 2: Constitutional Provision
Article 110(3) of the Indian Constitution addresses this question directly. It states:
"If any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the House of the People [Lok Sabha] thereon shall be final."
This power is exclusive to the Speaker, and their decision cannot be questioned in any court of law or in either House of Parliament.
Step 3: Final Answer
The final authority to decide whether a bill is a Money Bill or not rests with the Speaker of the Lok Sabha. Therefore, option (B) is the correct answer.