Question

Whether a bill is a money bill or not is decided by:

  1. President
  2. Lok Sabha speaker
  3. Finance secretary
  4. Finance Minister

Answer:

Option B: Lok Sabha speaker

Detailed Solution:

The correct answer is “Lok Sabha speaker”.

According to Article 110 of the Indian Constitution, the decision on whether a bill is a money bill or not is made by the Speaker of the Lok Sabha.