Given below are two statements:
Statement (I) : A money bill cannot be introduced in the Council of States (Rajya Sabha).
Statement (II) : The Council of States (Rajya Sabha) can neither reject a money bill nor amend it.
In the light of the above statements, choose the most appropriate answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Both Statement I and Statement II are true
A money bill deals only with taxes, borrowing and the spending of public money (Article 110), and the Constitution gives the elected Lok Sabha the final say over it.
Statement (I): A money bill cannot be introduced in the Council of States (Rajya Sabha). Correct. Under Article 109, a money bill can be introduced only in the Lok Sabha, and Article 117 adds that it needs the recommendation of the President.
Statement (II): The Council of States (Rajya Sabha) can neither reject a money bill nor amend it. Correct. The Rajya Sabha can only recommend changes and must return the bill within 14 days; the Lok Sabha may accept or reject those recommendations, and if the bill is not returned in time it is deemed passed by both Houses.