New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following statements: 1. Money

    Bill can be introduced in any House of Parliament. 2. If any question arises whether a bill is a Money Bill or not, the decision of the Chairman of the Public Accounts Committee is final. 3. Vote of Credit enables a grant to be approved by the Parliament in advance of the detailed examination of various demands presented to it. Which of the statements given above is/are correct?
    A 1 and 2 Correct Answer Incorrect Answer
    B 2 and 3 Correct Answer Incorrect Answer
    C 1 and 3 Correct Answer Incorrect Answer
    D None Correct Answer Incorrect Answer

    Solution

    • The Constitution lays down a special procedure for the passing of money bills in the Parliament. - A money bill can only be introduced in the Lok Sabha and that too on the recommendation of the President. Thus, statement 1 is not correct. • If any question arises whether a bill is a money bill or not, the decision of the Speaker of the Lok Sabha is final. - His decision in this regard cannot be questioned in any court of law or in the either House of Parliament or even by the President. Thus, statement 2 is not correct. • Vote of Credit is granted for meeting an unexpected demand upon the resources of India, when on account of the magnitude or the indefinite character of the service, the demand cannot be stated with the details ordinarily given in a budget. Thus statement 3 is not correct.

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