Correct option is C
The correct answer is c) Lok Sabha with prior recommendation of the President.
In the Indian parliamentary system, a Money Bill (defined under Article 110) follows a unique legislative path that grants significant power to the Lok Sabha (the lower house) while limiting the role of the Rajya Sabha.
Information Booster :
What is a Money Bill?
A bill is deemed a Money Bill if it deals only with matters related to:
Imposition, abolition, or regulation of any tax.
Borrowing of money by the Union Government.
The Consolidated Fund of India (payments or withdrawals).
Appropriation of money (budgetary spending).
Audit of accounts of the Union or a State.
The Unique Passage Procedure
The Constitution provides a special procedure for Money Bills (Article 109) to ensure the government can manage finances efficiently:
Prior Recommendation: A Money Bill cannot even be introduced without the President's prior recommendation.
Introduction: It can only originate in the Lok Sabha. It is considered a "Government Bill," meaning only a Minister can introduce it.
Speaker’s Final Word: If any question arises about whether a bill is a Money Bill, the Speaker of the Lok Sabha makes the final decision. This decision cannot be challenged in any court or either House.
Limited Role of Rajya Sabha: Once passed by the Lok Sabha, the bill is sent to the Rajya Sabha. The Upper House:
1.Cannot reject the bill.
2. Cannot amend the bill.
It can only make non-binding recommendations.
It must return the bill within 14 days. If it doesn't, the bill is deemed passed by both Houses.
No Joint Sitting: Unlike ordinary bills where a "deadlock" leads to a joint sitting of both houses, there is no provision for a joint sitting for a Money Bill. The Lok Sabha's decision is supreme.