Article 110(3) of the Indian Constitution states that if any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the House of the People thereon shall be final.
C) A Finance bill can be introduced in Lok Sabha only: Incorrect. While Money Bills and Finance Bills under Article 117(1) can only be introduced in Lok Sabha, Finance Bills under Article 117(3) can be introduced in either House. However, assuming the question implies "some" or "at least one type", this could be interpreted as correct depending on phrasing emphasis. Given other options, this is likely intended as incorrect for all types. Rechecking: It states "A Finance bill CAN be introduced in Lok Sabha only". This implies that for some finance bill, LS only is the rule. This is true for Money Bills and FB (I). So C is arguably a correct statement about a type of finance bill. D) Finance bill is pre-signed by the President: This is a loose phrasing for requiring the President's recommendation, which is true for Money Bills and Finance Bills under Article 117(1) before introduction, and for Finance Bills under Article 117(3) before consideration. So, presidential assent/recommendation is required at an early stage. Generally considered correct in essence. E) Rajya Sabha can detain the finance bill for 14 days: Incorrect. The 14-day limit applies only to Money Bills (Article 109). For Finance Bills under Article 117(1) and 117(3), Rajya Sabha has powers similar to those for ordinary bills, which includes the power to amend or reject (subject to specific conditions for FB I) and the duration is not limited to 14 days. This statement is definitively false for Finance Bills other than Money Bills. 221. Who certifies the money bill ?
Asked in CGPSC Prelims Exam 2018 · Topic: The Parliament (Legislative Procedure: Types of Bills (Ordinary, Money, Financial, Constitution Amendment) and their passage)
More Indian Polity and Governance questions
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