Multiple choice

Which of the following statements about a Money Bill is not correct?

  1. A Money Bill can be tabled in either House of Parliament.

  2. The Speaker of Lok Sabha is the final authority to decide whether a bill is a Money Bill or not.

  3. The Rajya Sabha must return a Money Bill passed by the Lok Sabha and send it for consideration within 14 days.

  4. The President cannot return a Money Bill to the Lok Sabha for reconsideration.
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A Correct answer
Explanation

A Money Bill can be introduced only in LS (not in RS), that too on the recommendation of the President.

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