Which one of the following institutions exercises greater power over the Union Budget?

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The Reserve Bank of India

The Rajya Sabha

The Lok Sabha

The Supreme Court of India

answer is C.

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Detailed Solution

The Lok Sabha exercises greater power over the Union Budget. Money bills can only be presented by the Lok Sabha and not the Rajya Sabha. Rajya Sabha can neither reject a money bill, nor the Lok Sabha must consider the suggestions of the Rajya Sabha regarding the bill. The Lok Sabha controls the funds. This is because the Lok Sabha is directly elected by the people, and they are the representatives of the people themselves. Once the Lok Sabha passes any bill or the budget, the Rajya Sabha cannot reject it. The only power the Rajya Sabha has is that it can delay the bill by 14 days or suggest some changes which the Lok Sabha may or may not accept.

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