The correct option is Only in the Lok Sabha..
Explanation
The legislative procedure for Money Bills is distinct from ordinary bills to ensure the supremacy of the directly elected House (Lok Sabha) in financial matters. This procedure is codified in Article 109 of the Constitution of India.
Constitutional Provisions
- Exclusive Introduction: Article 109(1) explicitly states that a Money Bill shall not be introduced in the Council of States (Rajya Sabha). It can be introduced only in the Lok Sabha.
- Presidential Recommendation: Under Article 117(1), a Money Bill can be introduced only on the recommendation of the President.
- Role of Rajya Sabha: The Rajya Sabha has restricted powers regarding Money Bills. It cannot reject or amend the bill but can only recommend amendments. It must return the bill within 14 days, failing which it is deemed passed.
- Joint Sitting: There is no provision for a Joint Sitting (Article 108) for Money Bills, as the Lok Sabha has the final authority.
Key Takeaway: Money Bills are the exclusive prerogative of the Lok Sabha regarding introduction and final passage. They cannot be introduced in the Rajya Sabha or a Joint Session.