Question : Which of the following statements about a Money Bill is not correct?
Option 1: A money bill can be tabled in either House of Parliament.
Option 2: The Speaker of Lok Sabha is the final authority to decide whether a Bill is a Money Bill.
Option 3: The Rajya Sabha must return a Money Bill passed by the Lok Sabha and send it for consideration within 14 days.
Option 4: The President cannot return a Money Bill to the Lok Sabha for reconsideration.
Correct Answer: A money bill can be tabled in either House of Parliament.
Solution : The correct answer is A money bill can be tabled in either House of Parliament.
A particular type of financial bill known as a "money bill" only addresses issues about taxes, government receipts, or expenditures. It cannot be introduced in the Rajya Sabha, the upper house of Parliament, but only in the Lok Sabha, the lower house. According to Article 110, a "Money Bill" is a document that contains clauses governing taxes, rules governing government borrowing, and expenditures or receipts from the Consolidated Fund of India.
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Question : Money bills can be introduced first in which house of Parliament?
Option 1: Only in Lok Sabha
Option 2: Only in Rajya Sabha
Option 3: Both in Lok Sabha and Rajya Sabha
Option 4: Either in Lok Sabha or in Rajya Sabha
Question : A money bill can be introduced in
Option 1: either house of the Parliament
Option 2: only Council of States (Rajya Sabha)
Option 3: only House of the People (Lok Sabha)
Option 4: None of the above
Question : A money bill under Article 111 of the Constitution of India, presented to the President for assent, has to be endorsed by a Certificate of the ____________ signed by him/her that it is a money bill.
Option 1: Speaker of the Lok Sabha
Option 2: Secretary General of the Rajya Sabha
Option 3: Deputy Chairman of the Rajya Sabha
Option 4: Secretary General of the Lok Sabha
Question : The power to summon each House of Parliament is vested with the:
Option 1: President
Option 2: Vice President
Option 3: Union Cabinet
Option 4: Lok Sabha Speaker
Question : If the Union Parliament is to assume legislative power over any subject included in the state list resolution to the effect has to be passed by which of the following?
Option 1: Lok Sabha, Rajya Sabha and legislatures of the concerned states
Option 2: Both Lok Sabha and Rajya Sabha
Option 3: Rajya Sabha
Option 4: Lok Sabha
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