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Monday 3 August 2015

Which of the statements regarding Money Bill given above is/are correct?

Post 423
Engineering Services Examination 2015 GAT

Question 83 Consider the following statements:
1. A Money Bill can be introduced in either Lok Sabha or Rajya Sabha.
2. The President of India can refuse his assent to a Money Bill and return it to Parliament for reconsideration.
Which of the statements given above is/are correct?
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither 1 nor 2
Answer: Neither 1 nor 2
Explanation : A Money Bill can be introduced in Lok Sabha only. And secondly The President may either give or withhold his assent to a Money Bill. Under the Constitution, a Money Bill cannot be returned to the House by the President for reconsideration.

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