How are Money Bills handled in both Houses of Parliament and State Legislatures with bicameralism under the Constitution?

Correct — D. Article 109 gives the Rajya Sabha fourteen days to return a Money Bill to the Lok Sabha with its recommendations, which the Lok Sabha may accept or reject.

Article 198 repeats the rule for a Legislative Council and its Legislative Assembly.

In both, the upper House can only recommend. If it does not return the Bill within fourteen days, the Bill is deemed passed by both Houses anyway. That is option (d).

Why the others are wrong

• (a)
  Rajya Sabha must approve Money Bills within 14 days — The Rajya Sabha's approval is never required. Under Article 109(5), a Money Bill not returned within fourteen days is deemed passed by both Houses in the form the Lok Sabha passed it.
• (b)
  In States, the Legislative Council can amend a Money Bill within 14 days — A Legislative Council cannot amend a Money Bill. Article 198 lets it return the Bill with recommendations, and the Assembly may reject every one of them.
• (c)
  Both Rajya Sabha and Legislative Councils have equal powers on Money Bills — The powers are unequal by design. A Money Bill cannot even be introduced in the Rajya Sabha or a Legislative Council, and the lower House has the last word on every recommendation.

A Money Bill contains provisions solely on matters listed in Article 110 for Parliament, or Article 199 for the States: taxes, government borrowing, the Consolidated Fund and the like.

For these Bills the elected House is supreme. The Bill must start there, the upper House gets fourteen days to recommend, and the lower House decides what, if anything, to accept.

For Parliament, the Speaker of the Lok Sabha decides finally whether a Bill is a Money Bill.

Key facts

• Article 109(1): a Money Bill cannot be introduced in the Rajya Sabha.
• Article 109(2): the Rajya Sabha must return a Money Bill within 14 days, with recommendations the Lok Sabha may accept or reject.
• Article 198 applies the same 14-day, recommend-only procedure to a State Legislative Council.
• Article 110(3): the Lok Sabha Speaker's decision on whether a Bill is a Money Bill is final.

Common traps

• Reading the 14 days as a deadline for approval, when the upper House can only recommend and silence past 14 days counts as passage.
• Assuming a Legislative Council has more say over State Money Bills than the Rajya Sabha has over Union ones, when Article 198 mirrors Article 109.

No directly related past PYQ was found.