Which of the following statements are correct in respect of a Money Bill in the Parliament?

1. Article 109 mentions special procedure in respect of Money Bills.
2. A Money Bill shall not be introduced in the Council of States.
3. The Rajya Sabha can either approve the Bill or suggest changes but cannot reject it.
4. Amendments to a Money Bill suggested by the Rajya Sabha have to be accepted by the Lok Sabha. Select the answer using the code given below:

Article 109 of the Constitution outlines the special procedure regarding Money Bills. Hence, statement 1 is correct.

As per Article 109, a Money Bill can only be introduced in the Lok Sabha (House of the People) and not in the Rajya Sabha (Council of States). Hence, statement 2 is correct.

After being passed by the Lok Sabha, a Money Bill is sent to the Rajya Sabha for its recommendations. The Rajya Sabha must return the bill to the Lok Sabha within 14 days with or without recommendations. The Rajya Sabha can propose amendments but cannot reject a Money Bill. Hence, statement 3 is correct.

The Lok Sabha has the power to either accept or reject any or all of the amendments suggested by the Rajya Sabha. If the Lok Sabha rejects the Rajya Sabha's recommendations, the bill is deemed to have been passed by both houses in the form it was originally passed by the Lok Sabha. Hence, statement 4 is not correct.

Therefore, the correct answer is that statements 1, 2, and 3 are correct.