Correct Option :
1) A Money Bill can be tabled in either House of Parliament
Explanation: This statement is incorrect. Article 110(1) of the Constitution of India specifies that a Money Bill can only be introduced in the Lok Sabha. It cannot be introduced in the Rajya Sabha. This provision underscores the Lok Sabha's primary role in financial matters.
Incorrect Options:
2) The Speaker of Lok Sabha is the final authority to decide whether a Bill is a Money Bill or not
Explanation: This statement is correct. Article 110(3) of the Constitution grants the Speaker of the Lok Sabha the exclusive authority to certify whether a Bill is a Money Bill. The Speaker's decision on this matter is final and cannot be questioned in any court or by either House of Parliament.
3) The Rajya Sabha must return a Money Bill passed by Lok Sabha and send it for consideration within 14 days
Explanation: This statement is correct. Article 109(2) mandates that after a Money Bill is passed by the Lok Sabha and transmitted to the Rajya Sabha, the Rajya Sabha must return the Bill with or without recommendations within 14 days. If the Rajya Sabha fails to do so, the Bill is deemed to have been passed by both Houses in the form it was passed by the Lok Sabha.
4) The President cannot return a Money Bill to Lok Sabha for reconsideration
Explanation: This statement is correct. Article 111 of the Constitution states that when a Money Bill is presented to the President, the President shall declare either assent to the Bill or withhold assent. The President cannot return a Money Bill for reconsideration by the Houses, unlike other Bills. This is because a Money Bill is introduced in the Lok Sabha only with the prior recommendation of the President.