A money bill passed by the Lok Sabha is deemed to have been passed by the Rajya Sabha also, when no action is taken by the Upper House within-

A money bill passed by the Lok Sabha is deemed to have been passed by the Rajya Sabha also, when no action is taken by the Upper House within- Correct Answer 14 days

Rajya Sabha has very limited powers with respect to money bills. After being passed by the Lok Sabha, the money bill moves to the Rajya Sabha which has four options: (a) Pass the bill (b) Reject the bill (c) Take no action for 14 days (d) Send the bill with amendments to Lok Sabha. In case of rejection of bill or inaction for 14 days, the bill shall be deemed to have been passed by Rajya Sabha. And in case of amendments suggested, Lok Sabha has the sole authority to accept or reject it.
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