Which of the following statements about the Lok Sabha is NOT correct?

The correct answer is Option 2 -  "If the question arises whether a bill is a money bill or not, the decision of the leader of the opposition shall be final"

In the Indian Parliament, the decision on whether a bill is a money bill or not is not made by the leader of the opposition. Instead, it is the Speaker of the Lok Sabha who makes the decision. If any question arises whether a bill is a money bill or not, the decision of the Speaker of the Lok Sabha is final.