Which of the following statements are correct in respect of a Money Bill in the Parliament? 1. Article 109 mentions special procedure in respect of Money Bills. 2. A Money Bill shall not be introduced in the Council of States. 3. The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it. 4. Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha. Select the answer using the code given below :

Let's analyze each statement regarding Money Bills:

1. Statement 1 is correct. Article 109 of the Indian Constitution lays down the 'Special procedure in respect of Money Bills', detailing the unique process for their passage, which gives the Lok Sabha overriding powers.

2. Statement 2 is correct. Article 109(1) clearly states that "A Money Bill shall not be introduced in the Council of States (Rajya Sabha)." It can only be introduced in the Lok Sabha.

3. Statement 3 is correct. The Rajya Sabha has very limited powers regarding a Money Bill. It cannot reject a Money Bill. It can only make recommendations for amendments or approve the Bill. If it does not return the Bill with recommendations within 14 days, the Bill is deemed to have been passed by both Houses. This is enshrined in Article 109(2) and (3).

4. Statement 4 is incorrect. While the Rajya Sabha can suggest amendments, these suggestions are not binding on the Lok Sabha. The Lok Sabha has the discretion to either accept or reject any or all of the recommendations made by the Rajya Sabha. If the Lok Sabha accepts any recommendation, the Bill is deemed to have been passed by both Houses with those amendments. If the Lok Sabha rejects all recommendations, the Bill is deemed to have been passed by both Houses in its original form.

Therefore, statements 1, 2, and 3 are correct.