WBCS.LIVE practice question

Any money bill can not be introduced in the Parliament without the consent of the

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Prime Minister of India
  2. Speaker of the Parliament
  3. President of India
  4. Union Finance Minister.

Correct answer and explanation

Correct answer: President of India

Explanation: A Money Bill cannot be introduced in Parliament without the prior consent of the President of India. 📚 Other Information: ▪️ Defined under Article 110 of the Constitution. ▪️ Money Bills deal with taxation, borrowing of money, expenditure, and Consolidated Fund of India. ▪️ They can be introduced only in the Lok Sabha. ▪️ The Speaker of the Lok Sabha decides whether a bill is a Money Bill. ▪️ The Rajya Sabha cannot amend or reject a Money Bill; it can only recommend changes. ▪️ These recommendations may be accepted or rejected by the Lok Sabha. ▪️ The bill must receive President’s assent to become law. ▪️ Example: The Finance Bill presented along with the Union Budget every year.