Which Article of the Constitution of India mentions the special procedure in respect of Money Bills?

Question

Accepted Answer

The correct option is 2:
Article 109 of the Constitution of India deals exclusively with the special procedure to be followed in respect of Money Bills. A Money Bill, defined under Article 110, relates solely to matters like taxation, government borrowing, and consolidated funds. The special procedure ensures the primacy of the Lok Sabha (House of the People) in financial matters, as Money Bills can only be introduced in the Lok Sabha upon the President's recommendation. Furthermore, once passed by the Lok Sabha, the Rajya Sabha (Council of States) only has the power to make recommendations, which the Lok Sabha may accept or reject, and cannot delay the bill for more than fourteen days, reflecting the centralized control over finance by the directly elected house.

The incorrect option is 1:
Article 108 is a significant provision but deals with the procedure for a Joint Sitting of both Houses of Parliament. This sitting is convened by the President to resolve deadlocks on ordinary legislation when a bill has been passed by one House and rejected by the other, or when the second House has delayed it for more than six months. Critically, Article 108 explicitly states that it does not apply to Money Bills or Constitution Amendment Bills, as these categories have their own specific resolution procedures. Therefore, while related to legislative procedure, Article 108 does not concern the special procedure for Money Bills.

The incorrect option is 3:
Article 111 deals with the Assent to Bills by the President. After a bill has been passed by both Houses (or, in the case of a Money Bill, after the special procedure is complete), it is presented to the President for assent. The President can either give assent (making it an Act) or withhold assent (rejecting it). For ordinary bills, the President can return it for reconsideration, but for Money Bills, the President can only give assent or withhold assent, not return it for reconsideration. This article governs the final stage of the legislative process, not the special procedure for Money Bills within Parliament.

The incorrect option is 4:
Article 112 of the Constitution defines and governs the Annual Financial Statement, which is commonly known as the Budget. The Budget is a statement of the estimated receipts and expenditure of the Government of India for that particular financial year. While closely related to finance, Article 112 concerns the presentation and discussion of the overall financial statement before Parliament. It sets the framework for the government’s financial planning but does not contain the *special procedure* for processing a Money Bill as a legislative instrument.