Which one of the following statements about a Money Bill is not correct?
- AA Money Bill can be tabled in either House of ParliamentCorrect
- BThe Speaker of Lok Sabha is the final authority to decide whether a Bill is a Money Bill or not
- CThe Rajya Sabha must return a Money Bill passed by Lok Sabha and send it for consideration within 14 days
- DThe President cannot return a Money Bill to Lok Sabha for reconsideration
Explanation
The correct option is A because a Money Bill can only be introduced in the Lok Sabha, not in either House of Parliament. It can only be introduced on the recommendation of the President.
Regarding the other options:
The Speaker of the Lok Sabha has the final authority to certify a bill as a Money Bill.
The Rajya Sabha has limited powers and must return the bill within 14 days with or without recommendations.
The President can give his assent or withhold it but cannot return a Money Bill for reconsideration because it is introduced with his prior permission.
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