How are Money Bills treated in Parliament under the Constitution?
Correct Answer :
Rajya Sabha can make recommendations within 14 days
Solution :
The correct option is Rajya Sabha can make recommendations within 14 days.
Under Article 109 of the Constitution of India, special procedures are prescribed in respect of Money Bills:
1. A Money Bill can only be introduced in the Lok Sabha (the Lower House) with the prior recommendation of the President.
2. After a Money Bill is passed by the Lok Sabha, it is transmitted to the Rajya Sabha (the Upper House) for its recommendations.
3. The Rajya Sabha has limited powers regarding Money Bills. It cannot reject or amend a Money Bill; it can only return the bill to the Lok Sabha with its recommendations within a period of 14 days from the date of receipt.
4. The Lok Sabha is not bound to accept any or all of the recommendations made by the Rajya Sabha. If the Lok Sabha accepts any recommendation, the Money Bill is deemed to have been passed by both Houses with the amendments. If the Lok Sabha does not accept any recommendation, the Money Bill is deemed to have been passed by both Houses in the form in which it was passed by the Lok Sabha without any of the amendments recommended by the Rajya Sabha.
5. If the Rajya Sabha fails to return the bill within the stipulated 14 days, the bill is deemed to have been passed by both Houses of Parliament at the expiration of the said period in the form in which it was passed by the Lok Sabha.
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