Question

The money bill can be only introduced in the legislative assembly and not in the legislative council.
A)True
B)False

Answer 1

Hint: A money bill or supply bill in the Westminster system is a bill that involves taxes or government expenditure exclusively, as opposed to improvements in public law. During the enactment of the Aadhar Act, 2016, the idea of money bills in India came to the forefront.

Complete answer:
 Money bills can only be introduced in a state's Legislative Assembly (or Lok Sabha in Parliament) since members directly elected by the people are part of the Legislative Assembly. Financial power must still remain with the individuals who have chosen their representatives.
Money bills can only be introduced in the Lok Sabha (the Indian Parliament's directly elected 'people's house'). Money bills passed on to the Rajya Sabha by the Lok Sabha (the upper house of parliament, elected by the state and territorial legislatures or appointed by the president). The Rajya Sabha does not amend bills for money, but may recommend changes. Money bills can only be introduced in the Lok Sabha (the Indian Parliament's directly elected 'people's house'). Money bills passed on to the Rajya Sabha by the Lok Sabha (the upper house of parliament, elected by the state and territorial legislatures or appointed by the president). The Rajya Sabha does not amend bills for money, but may recommend changes.

Hence, the correct answer is option (A)

Note: If with the recommended amendments of the Rajya Sabha, a money bill is returned to the Lok Sabha, it is open to the Lok Sabha to approve or reject any or all of the recommendations. With any recommended changes that the Lok Sabha chooses to approve, and without any that it chooses to reject, a money bill is considered to have passed both houses.