Question : No Money bill can be introduced in the Lok Sabha without the prior approval of the
Option 1: Vice-President
Option 2: President
Option 3: Prime Minister
Option 4: Finance Minister
Correct Answer: President
Solution : Correct answer is The President
No Money bill can be introduced in the Lok Sabha without the prior approval of the President.
Money bill in the state assembly can be introduced with the permission of the State Governor.
Money bill is mentioned in article 110 of the constitution, Money bill cannot be returned by the President to the Parliament.
There are four types of Bills mentioned in the constitution: Money bill, Ordinary bill, Constitutional Amendment Bill, Financial bills.
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