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Q: Money bill can be introduced--------.
  • A. Only in Lok Sabha
  • B. Only in Rajya Sabha
  • C. Only in Rajya Sabha
  • D. by neither Lok Sabha nor Rajya Sabha
Correct Answer: Option A - A Bill is said to be a Money Bill if it only contains provisions related to taxation, borrowing of money by the government, expenditure from or receipt to the Consolidated Fund of India. Bills that only contain provisions that are incidental to these matters would also be regarded as Money Bills. Article 110 of the Indian Constitution deals with the money bill. Money bills can be introduced only in Lok Sabha. Money bills passed by the Lok Sabha are sent to the Rajya Sabha. The Rajya Sabha may not amend money bills but can recommend amendments. A money bill must be returned to the Lok Sabha within 14 days, or the bill is deemed to have passed from both the Houses in the form it was originally passed by the Lok Sabha.
A. A Bill is said to be a Money Bill if it only contains provisions related to taxation, borrowing of money by the government, expenditure from or receipt to the Consolidated Fund of India. Bills that only contain provisions that are incidental to these matters would also be regarded as Money Bills. Article 110 of the Indian Constitution deals with the money bill. Money bills can be introduced only in Lok Sabha. Money bills passed by the Lok Sabha are sent to the Rajya Sabha. The Rajya Sabha may not amend money bills but can recommend amendments. A money bill must be returned to the Lok Sabha within 14 days, or the bill is deemed to have passed from both the Houses in the form it was originally passed by the Lok Sabha.

Explanations:

A Bill is said to be a Money Bill if it only contains provisions related to taxation, borrowing of money by the government, expenditure from or receipt to the Consolidated Fund of India. Bills that only contain provisions that are incidental to these matters would also be regarded as Money Bills. Article 110 of the Indian Constitution deals with the money bill. Money bills can be introduced only in Lok Sabha. Money bills passed by the Lok Sabha are sent to the Rajya Sabha. The Rajya Sabha may not amend money bills but can recommend amendments. A money bill must be returned to the Lok Sabha within 14 days, or the bill is deemed to have passed from both the Houses in the form it was originally passed by the Lok Sabha.