Which of the following statements is/are correct regarding the Money Bill in India?

1. The President is the final authority to certify a Bill as a Money Bill. 

2. A Constitution Amendment Bill can also be treated as a Money Bill. 

Select the correct answer using the code below: 

a) 1 only 

b) 2 only 

c) Both 1 and 2 

d) Neither 1 nor 2

Solution: 

• If any question arises whether a Bill is a Money Bill or not, the decision of Speaker thereon is final. 
• The Speaker is under no obligation to consult any one in coming to a decision or in giving certificate that a Bill is a Money Bill. 
• A Constitution Amendment Bill is not treated as a Money Bill even if all its provisions attract article 110(1) for the reason that such amendments are governed by article 368 which over-rides the provisions regarding Money Bills. 
• A money bill can only be introduced in the Lok Sabha and that too on the recommendation of the president. 

Ans: (d)