Arrange the following steps in the correct sequence for the passage of a Money Bill in the Indian Parliament.
A) Passage in Lok Sabha
B) Presentation for President’s assent
C) Transmission to Rajya Sabha
D) Introduction of the Bill in Lok Sabha
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. D → A → C → B.
The correct sequential order for the passage of a Money Bill in the Indian Parliament is D → A → C → B.
The process for a Money Bill, defined under Article 110 and regulated by Article 109 of the Constitution, gives the Lok Sabha (House of the People) a predominant role.
Here is the correct sequence:
-
D) Introduction of the Bill in Lok Sabha: A Money Bill must be introduced only in the Lok Sabha and only on the recommendation of the President.
-
A) Passage in Lok Sabha: The Bill is passed by the Lok Sabha by a simple majority.
-
C) Transmission to Rajya Sabha: After passage, the Bill is sent to the Rajya Sabha (Council of States). The Rajya Sabha cannot reject or amend a Money Bill. It can only recommend amendments, and it must return the Bill within 14 days. If the Rajya Sabha fails to return it within 14 days, the Bill is deemed to have been passed by both Houses.
-
B) Presentation for President’s assent: The Bill is then presented to the President. The President has two options: give assent or withhold assent. Crucially, the President cannot return a Money Bill for reconsideration to the Parliament.