Who decides whether a bill is a Money Bill or not?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2: Speaker of the Lok Sabha.
Explanation:
- According to Article 110(3) of the Indian Constitution, if a question arises as to whether a Bill is a 'Money Bill' or not, the decision of the Speaker of the Lok Sabha on the matter is final.
- Certification: When a Money Bill is passed by the Lok Sabha and sent to the Rajya Sabha or the President, it bears the certification (endorsement) of the Speaker of the Lok Sabha—duly signed—stating that it is, indeed, a Money Bill.
- Judicial Review: This decision of the Speaker of the Lok Sabha cannot be challenged in any court, in either House of Parliament, or by the President.
Key Constitutional Provisions Related to Money Bills (Quick Revision):
- Since you are preparing Polity for SSC, UP SI, and Railway examinations, these points are of great importance to you:
- Article 110: This article defines a Money Bill (covering matters such as the imposition or abolition of taxes, the withdrawal of government funds, etc.).
- Introduction: A Money Bill can be introduced only in the Lok Sabha, and that too, only with the prior permission of the President.
- Powers of the Rajya Sabha: The Rajya Sabha cannot reject or amend a Money Bill. It can merely withhold it for a maximum period of 14 days and can only offer recommendations.
- Joint Sitting: In the case of a Money Bill, there is no provision for a 'Joint Sitting' of the two Houses of Parliament.
Important Questions for Upcoming Examinations:
Question: In which House of Parliament can a Money Bill be introduced?
Answer: Only in the Lok Sabha.
Question: In which Article is the definition of a Money Bill provided?
Answer: Article 110.
Question: For a maximum of how many days can the Rajya Sabha withhold a Money Bill?
Answer: 14 days.