Consider the following statements: I. A Money Bill shall not be introduced in the Rajya Sabha. II. The Rajya Sabha has no power to reject a Money Bill but can suggest amendment(s). Which of the statements given above is/are correct?

Both statements are correct. According to Article 109 of the Constitution, a Money Bill can only be introduced in the Lok Sabha (not in the Rajya Sabha), and that too on the recommendation of the President. The Rajya Sabha has only recommendatory powers regarding Money Bills — it cannot reject or amend a Money Bill but can suggest amendments which the Lok Sabha may accept or reject. The Rajya Sabha must return the bill within 14 days, failing which it is deemed to have been passed.