Which of the following statements is incorrect regarding a 'Bill' introduced in the Indian Parliament?

Amendments to the money bill, suggested by Rajya Sabha have to be accepted by the Lok Sabha.

The correct answer is Option 4 - Amendments to the money bill, suggested by Rajya Sabha have to be accepted by the Lok Sabha.

(Amendments to the bill, suggested by Rajya Sabha, may or may not be accepted by the Lok Sabha)

A bill has to be passed by both Houses for enactment. If there is disagreement between the two Houses on the proposed bill, attempt is made to resolve it through Joint Session of Parliament. In the few instances when joint sessions of the parliament were called to resolve a deadlock, the decision has always gone in favour of the Lok Sabha. If it is a money bill, the Rajya Sabha can either approve the bill or suggest changes but cannot reject it. If it takes no action within 14 days the bill is deemed to have been passed. Amendments to the bill, suggested by Rajya Sabha, may or may not be accepted by the Lok Sabha