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Q: The .......... takes the decision to declare any bill to be a money bill.
  • A. President of India
  • B. Chairman of Rajya Sabha
  • C. Governor of the Reserve Bank of India
  • D. Speaker of the Lok Sabha
Correct Answer: Option D - The speaker of the Lok Sabha certifies if a financial bill is a money bill or not. Under article 110 (1) of the constitution, a bill is deemed to be a money bill if it contains only provisions dealing with imposition, abolition, remission, alteration or regulation of any tax matters of consolidated fund, provides imposition of fines etc. The speaker's certificate on a money bill once given is final and cannot be challenged.
D. The speaker of the Lok Sabha certifies if a financial bill is a money bill or not. Under article 110 (1) of the constitution, a bill is deemed to be a money bill if it contains only provisions dealing with imposition, abolition, remission, alteration or regulation of any tax matters of consolidated fund, provides imposition of fines etc. The speaker's certificate on a money bill once given is final and cannot be challenged.

Explanations:

The speaker of the Lok Sabha certifies if a financial bill is a money bill or not. Under article 110 (1) of the constitution, a bill is deemed to be a money bill if it contains only provisions dealing with imposition, abolition, remission, alteration or regulation of any tax matters of consolidated fund, provides imposition of fines etc. The speaker's certificate on a money bill once given is final and cannot be challenged.