Of the following statements, which one is not correct?
- AThe Rajya Sabha is powerless in money matters
- BMoney Bill is introduced in the Rajya Sabha
- CThe Rajya Sabha has to pass the Money Bill within 14 days after it has been passed by the Lok Sabha
- DThe Rajya Sabha may pass or return the Money Bill with some recommendations to the Lok Sabha
Show answer and explanation
Correct answer: (b) Money Bill is introduced in the Rajya Sabha
Explanation
According to Article 109(1), a Money Bill shall not be introduced in the Rajya Sabha. Further, Article 109(2) states that the Rajya Sabha shall return the Money Bill to the Lok Sabha within 14 days, along with its recommendations. The Lok Sabha is not bound to accept the recommendations of the Rajya Sabha.