Consider the following statements A Money Bill can be introduced only in the Lok Sabha The Spea...........

Indian Political System(CSC) MCQ practise

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Consider the following statements

A Money Bill can be introduced only in the Lok Sabha; The Speaker of the Lok Sabha certifies whether a bill is a Money Bill.
A Money Bill, once passed by the Lok Sabha, must be passed by the Rajya Sabha within 14 days; If the Rajya Sabha doesn't return the Money Bill within 14 days, it is deemed to be passed by both Houses.
A Money Bill can be amended by the Rajya Sabha; Rajya Sabha has equal voting rights on a Money Bill as the Lok Sabha.
The President's recommendation is needed to introduce a Money Bill; A Money Bill deals with the imposition, abolition, alteration of taxes or regulation of borrowing.

How many of the statements given above is NOT correct regarding Money Bills ?

Only One

Only Two

Only Three

All Four

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Explanation:

Only One.A Money Bill cannot be amended by the Rajya Sabha. While the Rajya Sabha can make recommendations for amendments, it is up to the Lok Sabha to accept or reject those recommendations.The Rajya Sabha does not have equal voting rights on a Money Bill as the Lok Sabha. In fact, the Rajya Sabha has a limited role in the passage of Money Bills, and if it does not return the bill within 14 days, the bill is deemed to have been passed by both Houses.