Question

If the Rajya Sabha rejects the Money Bill, find out the most suitable statement?
A. Lok Sabha may or may not accept the recommendation of Rajya Sabha
B. Lok Sabha may not consider it completely
C. President calls a joint session for the passing of the Bill
D. Bill is sent for further consideration

Answer 1

Hint:
A Bill is referred to as Money Bill if it contains only the provisions related to the taxation and money borrowing by the government. Also, it contains the expenditure from or receipt to the Consolidated Fund of India. Sometimes the bills containing only the provisions which are incidental to these matters may also be regarded as the Money Bills.

Complete answer:
A Money Bill can only be introduced in the Lok Sabha and that is on the recommendation of the President of India. Then, it must be passed in the Lok Sabha by a simple majority of all present members. After this, it may be sent to the Rajya Sabha for further recommendations, which Lok Sabha may choose for not sending to Rajya Sabha. If such bills are not given to Rajya Sabha within 14 days, then it will be deemed to be passed by the Parliament.
Actually, the Rajya Sabha has limited powers related to the Money Bill. A money bill cannot be rejected or amended by Rajya Sabha if it is already passed by the Lok Sabha and transmitted to the Rajya Sabha. Then, Rajya Sabha has to return the bill within 14 days with or without recommendations. Lok Sabha may accept or reject any or all of the recommendations made by the Rajya Sabha.

Thus the correct option is A.

Note:
There are four types of Bills. These are Constitution Amendment Bills, Money Bills, Financial Bills and Ordinary Bills.