Question

A time period of _____ is given to the Rajya Sabha on the recommendation of the money bill after it is passed by Lok sabha.
A. $10$ days
B. $18$ days
C. $7$ days
D. $14$ days

Answer 1

Hint: We have to know that a Bill is a draft resolution that becomes law after it is passed by both the Houses of Parliament and consented to by the President. All administrative recommendations are brought before Parliament in the types of Bills.

Complete answer:
We must remember that in the Westminster framework, a money bill or supply bill is a bill that exclusively concerns tax assessment or government spending (otherwise called the appointment of cash), rather than changes in open law.
Money bills passed by the Lok Sabha are shipped off the Rajya Sabha (the upper place of parliament, chosen by the state and regional councils or named by the president). The Rajya Sabha may not revise cash charges however can suggest changes. To ensure that Rajya Sabha doesn't alter the bill by adding some non-cash matters (known as Financial Bill), the Speaker of the Lok Sabha affirms the bill as a money bill prior to sending it to the upper house, and the choice of the Speaker is official on both the Houses. A money bill must be gotten back to the Lok Sabha within fourteen days, or the bill is considered to have passed the two houses in the structure it was initially passed by the Lok Sabha.
So, the correct answer is Option D.

Note: We need to know that the idea of money bills in India went to the cutting edge during the sanctioning of the Aadhar Act, 2016. Regardless of obstruction by the resistance, the Aadhaar Bill was confirmed as a 'money bill' by the Speaker of the Lower House. A money bill is considered to have passed the two houses with any prescribed revisions the Lok Sabha decides to acknowledge, and with no that it decides to decrease.