Question

Money Bill can be introduced in:
A.The House of People
B.The Council of States
C.Either of the two Houses
D.None of the above

Answer 1

Hint: The Indian legislative system is a bicameral one which means that there are two houses at the centre responsible for making laws and other deliberative functions— the Lok Sabha or the House of People and the Rajya Sabha or the Council of States. Three kinds of bills come before the Parliament—ordinary bill, money bill and Constitutional Amendment bill.

Complete Step by Step answer: Let's look at the Options one by one :
Option A: is correct. A money bill can only be introduced in the Lok Sabha or the House of People with the proper recommendation of the President and the Speaker of the Lok Sabha has the final authority to determine whether a bill is a money bill or not. After the bill is passed by the Lok Sabha, it is sent to the Rajya Sabha for consideration.
Option B: is incorrect. A money bill cannot be introduced in the Rajya Sabha or the Council of States. After the bill is passed by the Lok Sabha, it is sent to the Rajya Sabha for consideration and the Rajya Sabha has to send it back within 14 days with its recommendations which the Lok Sabha is free to accept or reject. If the Rajya Sabha fails to do so within the expiration deadline, the bill is directly sent to the President for their assent.
Option C: is incorrect. In case of ordinary and Constitutional Amendment bills, they can originate in either Houses of the Parliament. However, a money bill can only be introduced in the Lok Sabha
Option D: is incorrect.

Note: According to Article 110 of the Constitution, a money bill can only be introduced with prior recommendation of the President. After a money bill has been passed in the manner described earlier and reaches the President, the President cannot withhold their assent to it.