Option 1 states that a Money Bill cannot be introduced in the Council of States, which is incorrect. According to article 109 of the Indian Constitution, a Money Bill can be introduced in either House of Parliament, which includes the Council of States (Rajya Sabha). Money Bills can be introduced in either House but can be originated only in the Lok Sabha (House of the People).

Option 2 states that if there is any question regarding whether a Bill is a Money Bill or not, the decision of the Speaker is final. This is correct. As per article 110 of the Indian Constitution, the Speaker of the Lok Sabha has the authority to certify a Bill as a Money Bill. The decision of the Speaker in this regard is final and cannot be questioned or challenged in any court.

Option 3 states that in case of a deadlock over a Money Bill, the President can summon a joint sitting of the Parliament. This is incorrect. In case of a deadlock over a Money Bill between the two Houses of Parliament, the Lok Sabha has the final say. The Lok Sabha can pass the Bill again with or without amendments, and if the Rajya Sabha still rejects it or fails to pass it within 14 days, the Bill is deemed to have been passed.

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