The correct option is 2 only.
Explanation
Under Article 109 of the Constitution of India, a Money Bill is governed by a special legislative procedure that significantly restricts the powers of the Rajya Sabha compared to the Lok Sabha. The Rajya Sabha has only a recommendatory role in the passage of Money Bills.
Statement-wise Analysis:
- Statement 1 is Incorrect: The Rajya Sabha does not have the power to reject a Money Bill. It must return the bill to the Lok Sabha within 14 days, either with or without recommendations.
- Statement 2 is Correct: The Rajya Sabha can suggest changes (recommendations) to the bill. However, the Lok Sabha is not bound to accept these recommendations. If the Lok Sabha accepts any recommendation, the bill is deemed passed in the modified form. If it rejects them, the bill is deemed passed in its original form.
- Statement 3 is Incorrect: The Rajya Sabha cannot withhold the bill indefinitely to kill it. According to Article 109(5), if the Rajya Sabha does not return the Money Bill within 14 days, it is deemed to have been passed by both Houses in the form in which it was passed by the Lok Sabha.
Key Takeaway:
The Rajya Sabha cannot amend or reject a Money Bill; it can only make recommendations within a maximum period of 14 days. The final authority lies with the Lok Sabha.