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CMA Foundation · Fundamentals of Business Laws and Business Communication · Legislative Process in India

The Lok Sabha passes a Bill and the Speaker certifies it as a Money Bill. Which statement is correct about the effect of this certification?

The Speaker's decision that a Bill is a Money Bill is final and cannot be questioned in any court. Rajya Sabha cannot overrule it, and the joint sitting route does not apply to Money Bills, though the Bill still needs presidential assent.

  1. AThe Speaker's decision on whether the Bill is a Money Bill is final and cannot be questioned in any court of lawCorrect
  2. BThe Rajya Sabha may overrule the Speaker's certificate by a simple majority
  3. CThe President may refuse to give assent, as the Money Bill certificate is advisory
  4. DThe Bill will have to go to a joint sitting if the Rajya Sabha disagrees with the certificate

Explanation

Article 110 states that if any question arises whether a Bill is a Money Bill, the decision of the Speaker of the Lok Sabha is final. Rajya Sabha cannot overrule it, and no joint sitting is provided for Money Bills. The option about the President is wrong because the certificate is not advisory; it determines the procedure, though assent is still required.

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