Who decides a Bill is a "Money Bill"?

Correct option is B

The correct answer is: (B) Speaker of Lok Sabha

Explanation:

• According to Article 110 of the Indian Constitution, the Speaker of the Lok Sabha is the authority who decides whether a bill is a "Money Bill" or not.

Information Booster:

• A Money Bill deals with national revenue or expenditure, such as taxes, loans, and public money management.

• The Speaker’s decision is final and cannot be questioned in any court of law.

• A Money Bill can only be introduced in the Lok Sabha, and the Rajya Sabha can only suggest amendments but cannot reject it.

• The Speaker's role ensures that the process of passing Money Bills follows constitutional guidelines.

Additional Information:

• Prime Minister: The Prime Minister does not have the authority to classify a bill as a Money Bill.
  
• Chairman of Rajya Sabha: The Chairman of the Rajya Sabha does not have the authority to decide whether a bill is a Money Bill; this responsibility lies with the Speaker of the Lok Sabha.
  
•  President: The President does not decide whether a bill is a Money Bill. The President gives the final assent to the bill after both houses pass it.