UPSC CDS GS Economy Questions Part 1

A Money Bill passed by the Lok Sabha can be held up by the Rajya Sabha for two weeks. The Money Bills passed by the Lok Sabha are sent to the Rajya Sabha. The Rajya Sabha may not amend the Money Bills but can recommend amendments. To make sure that the Rajya Sabha doesn't amend the Bill by adding some non-money matters (known as Financial Bill), the Speaker of the Lok Sabha certifies the Bill as a Money Bill before sending it to the upper house, and the decision of the Speaker is binding on both the Houses. A Money Bill must be returned to the Lok Sabha within 14 days, or the Bill is deemed to have passed from both the houses in the form it was originally passed by the Lok Sabha.