Question

Which of the following is incorrect about a Money Bill?

• A. The bill deals with all or any provisions under article 110 of the Constitution.
• B. The Money Bill has to be so certified by the Speaker of the House of the People.
• C. The Money Bill has to be introduced in the House of the People first.
• D. Both the Houses of the Parliament enjoy equal powers with respect to a Money Bill.

Hint:

The Rajya Sabha's power over a Money Bill is only "recommendatory".
It acts as a 14-day delay mechanism rather than an equal legislative partner.

Answer 1

The Correct Option is D

Step 1: Understanding the Concept:
A Money Bill is a special type of legislation dealing with financial matters like taxation or government expenditure. It is governed by Article 110 and follows a unique procedure under Article 109.
Step 2: Detailed Explanation:
Let us analyze each statement:
- Statement (A) is correct: Article 110 defines the criteria for a bill to be classified as a Money Bill.
- Statement (B) is correct: The Speaker of the Lok Sabha (House of the People) has the exclusive power to certify whether a bill is a Money Bill or not, and their decision is final.
- Statement (C) is correct: A Money Bill can only be introduced in the Lok Sabha on the recommendation of the President.
- Statement (D) is incorrect: The Rajya Sabha (Council of States) has extremely limited powers. It cannot reject or amend the bill; it can only suggest recommendations within 14 days. If it fails to act within 14 days, the bill is deemed passed by both Houses.
Step 3: Final Answer:
Statement (D) is incorrect because the Lok Sabha has superior powers over the Rajya Sabha in the case of Money Bills.