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Why is Lok Sabha considered to have greater financial power?

Answer and explanation

Correct answer: Because Money Bills are introduced only in Lok Sabha

Correct answer: A. A Money Bill can be introduced only in the Lok Sabha, and it requires the prior recommendation of the President. After the Lok Sabha passes it, the Rajya Sabha may make recommendations within the prescribed period, but the Lok Sabha may accept or reject them. This gives Lok Sabha greater authority in important financial matters. Option B is wrong because Rajya Sabha regularly meets and performs important legislative work. Option C is wrong because courts do not prepare the Union Budget. Option D is wrong because Governors belong to the states and do not pass Union Money Bills. Do not confuse this with an ordinary bill, which may begin in either House and normally requires approval of both. Memory cue: public money and Money Bills give Lok Sabha financial primacy.

Related tags

Financial PowerLok SabhaMoney BillParliament (Lok Sabha And Rajya Sabha Powers)Parliament Lok Sabha And Rajya Sabha PowersWorking Of InstitutionsCivicsClass 9 Mcq

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