- A Bill is deemed to be a Money Bill if it contains only provisions dealing with certain matters listed in Article 110(1), such as taxation, government borrowing, Consolidated Fund of India, etc. - The Speaker of the Lok Sabha has the final authority to decide whether a Bill is a Money Bill.
Money Bill can be presented
Asked in BPSC Prelims Exam 63rd · Topic: The Parliament (Legislative Procedure: Types of Bills (Ordinary, Money, Financial, Constitution Amendment) and their passage)
More Indian Polity and Governance questions
- Which one among the following motions cannot be made while introducing an ordinary Bill in the Parliament ?
- A Joint Sitting of the Parliament is resorted to, for resolving the deadlock between two Houses of the Parliament for passing which of the following Bills? 1. Money Bill 2. Constitutional Amendment Bill 3. Ordinary Bill Select the correct answer using the code given below.
- A Money Bill passed by the Lok Sabha can be held up by the Rajya Sabha for how many weeks?
- Which one of the following cannot be introduced first in the Rajya Sabha?
- Which one of the following statements about Money Bill is not correct ?
- Which of the following statements regarding Finance Bills is NOT correct?
- 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 ?
- Which of the following statements is/are true in reference to the joint sitting of Parliament for passage of bill? (i) Provision for joint sitting is applicable for ordinary bills, financial bills and constitutional amendment bills (ii) In no situation, Deputy Chairman of Rajya Sabha can preside over the joint sitting (iii) Quorum of 1/6th of the total number of members of both Houses to be maintained for joint sitting