A Finance Bill is a 'Money Bill' as defined in Article 110 of the Constitution. It can be tabled at:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Only in the Lok Sabha
Under Article 109, a Money Bill can be introduced only in the Lok Sabha, and only on the recommendation of the President. The Rajya Sabha cannot reject or amend it; it can only make recommendations and must return the Bill within 14 days, after which it is deemed passed by both Houses.
Why the other options are incorrect
Option (2) Only in the Rajya Sabha — Incorrect. A Money Bill can never start in the Rajya Sabha; it has only a recommending role on such Bills.
Option (3) Any house of Lok Sabha or Rajya Sabha — Incorrect. That is true of an ordinary Bill, not of a Money Bill.
Option (4) Can be directly passed by cabinet — Incorrect. The Cabinet proposes Bills, but only Parliament can pass a law.