Who certifies the money bill?
The correct answer is Speaker.
Key Points
- Before sending it to the upper house, The Speaker of the Lok Sabha certifies the bill as a money bill. Hence, option 3 is correct.
- The Speaker's decision is binding on both the Houses.
- The Bill can be introduced only in Lok Sabha.
- When a Money Bill is returned to the lower house with the recommended amendments of the Rajya Sabha, the bill is open to the Lok Sabha to accept or reject any or all of the recommendations.
Important Points
- Money bills passed by the lower house are sent to the Rajya Sabha.
- The Rajya Sabha can recommend amendments.
- The Rajya Sabha can not amend money bills.
