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Why is the Speaker of the Lok Sabha important in matters related to Money Bills?

Answer and explanation

Correct answer: The Speaker decides whether a Bill is a Money Bill

The correct answer is A. Under Article 110(3) of the Constitution, the Speaker of the Lok Sabha decides whether a Bill is a Money Bill. This matters because a Money Bill can be introduced only in the Lok Sabha, and the Rajya Sabha has limited powers over it: it may recommend changes, but the Lok Sabha may accept or reject them. The Speaker’s decision identifies which procedure applies.

Related tags

SpeakerMoney BillLok SabhaParliamentParliament (Lok Sabha And Rajya Sabha Powers)Parliament Lok Sabha And Rajya Sabha PowersWorking Of InstitutionsCivics

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