In Parliament, who takes the final decision on whether a Bill is a Money Bill or not?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Speaker.
In the Indian Parliament, the Speaker of the Lok Sabha holds the final authority to decide whether a Bill is a Money Bill or not (Article 110). The Speaker’s decision is binding and cannot be questioned in court or by the Rajya Sabha.
Other Options:
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Prime Minister – Advises the government but has no constitutional role in certifying Money Bills.
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Vice President (Chairman of Rajya Sabha) – The Rajya Sabha can only recommend changes but cannot reject or decide on Money Bills.
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Finance Minister – Drafts financial bills but lacks the authority to classify them as Money Bills.
Thus, the Speaker’s role is exclusive and decisive in this matter.