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Which of the following statements are correct in respect of a Money Bill in the Parliament?

  1. 1.Article 109 mentions a special procedure in respect of Money Bills.
  2. 2.A Money Bill shall not be introduced in the Council of States.
  3. 3.The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.
  4. 4.Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha.

Select the answer using the code given below:

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1, 2 and 3
  4. D.1, 3 and 4
▶ Answer & Explanation

Correct answer: C. 1, 2 and 3

Article 109 of the Constitution specifically outlines the special procedure for the passage of Money Bills, stipulating that they must originate in the Lok Sabha and cannot be introduced in the Council of States. While the Rajya Sabha can suggest amendments, it does not possess the power to reject a Money Bill outright; it can only delay it for a maximum of 14 days, after which it is deemed passed by both Houses. The Lok Sabha is not bound to accept the amendments suggested by the Rajya Sabha.

Source: UPSC gs1 2023

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