Who among the following has the authority to certify a bill as a Money Bill?

Question

Question

This question was previously asked in

OSSC TGT Official Paper (Held On: 10 Mar, 2023 Shift 3)

Answer 1

The correct answer is Speaker of Lok Sabha.

Key Points

Only the Speaker of the Lok Sabha has the authority to certify a bill as a Money Bill.
The decision of the Speaker is final and cannot be questioned in any court of law or by the President.
A Money Bill deals exclusively with financial matters like taxation, public expenditure, etc.
Article 110 of the Indian Constitution defines what constitutes a Money Bill.

Additional Information

Chairman of Rajya Sabha: The Vice President of India serves as the Chairman of the Rajya Sabha, but does not have the authority to certify a Money Bill.
President of India: The President can assent to or withhold assent from a Money Bill, but cannot certify it as a Money Bill.
Prime Minister of India: The Prime Minister is the head of the government but does not have the power to certify a bill as a Money Bill.