Rajya Sabha is required to return a Money Bill passed and transmitted by Lok Sabha within a period of _______ days from the date of its receipt.

The correct answer is 14 days. Under Article 109, a money bill can be introduced only in the Lok Sabha. After the Lok Sabha passes it, the bill goes to the Rajya Sabha, which must return it within 14 days from the date of receipt, with or without recommendations. The Lok Sabha may accept or reject any of those recommendations. If the Rajya Sabha does not return the bill within 14 days, it is deemed to have been passed by both Houses in the form in which the Lok Sabha passed it.

So the Rajya Sabha cannot reject or amend a money bill; it can only delay it by two weeks at most. Seven days, one month and twenty days are all wrong figures. Keep the related rules together: whether a bill is a money bill is decided by the Speaker of the Lok Sabha, whose certificate is final (Article 110(3)); a money bill needs the President's recommendation to be introduced; and the President cannot return it for reconsideration. A joint sitting is never needed for a money bill.