What will follow if a Money Bill is substantially amended by the Rajya Sabha?

The correct answer is A) The Lok Sabha may still proceed with the Bill, accepting or not accepting the recommendations of the Rajya Sabha.

Here's a detailed explanation:

Money Bills and Rajya Sabha's Power: The Rajya Sabha has limited power over Money Bills. It can only recommend amendments, but it cannot reject the Bill outright.

Lok Sabha's Discretion: If the Rajya Sabha proposes amendments to a Money Bill, the Lok Sabha is not bound to accept them. It can either accept or reject the recommendations of the Rajya Sabha. The Lok Sabha retains the final say.

Why other options are incorrect:

B) The Lok Sabha cannot consider the Bill further: This is incorrect. The Lok Sabha can consider the Bill further, even after Rajya Sabha amendments.

C) The Lok Sabha may send the Bill to the Rajya Sabha for reconsideration: There's no provision for sending a Money Bill back to the Rajya Sabha for reconsideration after it has been amended and returned.

D) The President may call a joint sitting for passing the Bill: A joint sitting is called for Bills where the two Houses disagree, but it's not automatically triggered by Rajya Sabha amendments to a Money Bill. The Lok Sabha has the power to override Rajya Sabha's recommendations.

Therefore, the Lok Sabha has the ultimate authority to decide on the fate of a Money Bill, even if the Rajya Sabha proposes amendments.