Question

Whether the bill In the parliament is a money bill or not is Decided by _______ .
(a) Prime minister
(b) Speaker
(c) President
(d) Comptroller and Auditor General

Answer 1

Hint: The speaker of the Lok Sabha decides whether the bill in the parliament is a money bill or not, to make sure that Rajya Sabha doesn’t amend the bill by adding some non money matters, the speaker of Lok Sabha Certifies the bill as a money bill before sending it to the upper house and the decision of speaker is binding on both the houses.

Complete answer:
Money bill
1. Article 110 of the constitution deals with the money bill it states that a bill is deemed to be a money bill if it contains only provisions dealing with all or any of the following:-
Matter related to taxation.
2. The regulation of the borrowing of money by the union government.
3. The custody of the consolidated fund of India or the contingency Fund of India. The payment of money into or the withdrawal of money from any such fund.
4. The appropriation of money out of the consolidated fund of India.
5. Declaration of any expenditure charged on the consolidated fund of India or increasing the amount of any such expenditure
6. The receipt of money on account of consolidated fund of India or the public account of India or the custody or issue of such money or audit of the accounts of the union or a state or any matter incidental to any of the matters specified above.

Article 110 with money bill :
1. They deal with only provisions mentioned in article 110.
2. The Speaker of Lok Sabha (house of commons ) decides whether a bill is a money bill or not.
3. Money bills can be introduced only in lok sabha.
4. The President's recommendation is needed to introduce them.
5. It cannot be amended or rejected by the Rajya Sabha.

Thus, the correct option is (B)

Note: The President can either accept or reject a money bill but cannot return it for reconsideration.No provision for joint sitting of both the houses to resolve the deadlock.