Define the money bill
Answers
Money Bill can be introduced in Lok Sabha only. If any question arises whether a Bill is a Money Bill or not, the decision of Speaker thereon is final. The Speaker is under no obligation to consult any one in coming to a decision or in giving certificate that a Bill is a Money Bill.
Answer:
Money bill refers to a bill(draft law) introduced in the lower chamber of Indian parliament (Loka sabha) which generally covers the issue receipt and spending of money, such as task laws , laws governing borrowing and expenditure of the government ,prevention of black money etc....
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