Q18. Which of the following statements are correct in respect of a Money Bill in the Parliament?
1. Article 109 mentions special procedure in respect of Money Bills.
2. A Money Bill shall not be introduced in the Council of States.
3. The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.
4. Amendment to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha.
Select the correct answer using the code given below :

This question tests detailed knowledge of the special procedure for Money Bills in the Indian Parliament. Statement 1 is correct: Article 109 of the Constitution specifically outlines the special procedure for Money Bills, emphasizing the Lok Sabha's dominant role.

Statement 2 is correct: A Money Bill can only be introduced in the Lok Sabha (House of the People), not in the Rajya Sabha (Council of States). Statement 3 is correct: The Rajya Sabha has limited powers regarding Money Bills; it can only make recommendations or suggest changes within 14 days, but it cannot reject the Bill or amend it.

If it doesn't return the Bill within 14 days, it's deemed passed. Statement 4 is incorrect: The Lok Sabha is not bound to accept any of the recommendations made by the Rajya Sabha on a Money Bill.

It can either accept or reject them. If rejected, the Bill is deemed passed in the form originally passed by the Lok Sabha. Therefore, statements 1, 2, and 3 are correct. Understanding the legislative process, especially for Money Bills, is a core component of the UPSC Polity syllabus.