gs1medium
When the annual Union Budget is not passed by the Lok Sabha,
- A.the Budget is modified and presented again
- B.the Budget is referred to the Rajya Sabha for suggestions
- C.the Union Finance Minister is asked to resign
- D.the Prime Minister submits the resignation of Council of Ministers
▶ Answer & Explanation
Correct answer: B. the Budget is referred to the Rajya Sabha for suggestions
The Constitution of India, in Article 113, states that the Union Budget, after being presented in the Lok Sabha, is a Money Bill. If a Money Bill is not passed by the Lok Sabha, it is deemed to have been rejected. In such a scenario, the government must resign, and the Prime Minister would submit the resignation of the Council of Ministers to the President. Referring it to the Rajya Sabha for suggestions or modification is not the prescribed procedure for a Money Bill.
Source: UPSC gs1 2011