The incorrect statetment is option 3.
Key Points:-
A money bill cannot be introduced in Rajya Sabha.
Rajya Sabha can neither reject a Money Bill nor amend it
The Speaker of the Lok Sabha decides whether the Bill is a Money Bill or not.
Also, the Speaker’s decision shall be deemed to be final.
Article 110 of the constitution deals with Money Bill in India.
A Money Bill may only be introduced in Lok Sabha, on the recommendation of the President.
It must be passed in Lok Sabha by a simple majority
It may be sent to the Rajya Sabha for its recommendations, which Lok Sabha may reject if it chooses to.
If such recommendations are not given within 14 days, it will be deemed to be passed by Parliament.
A Bill is said to be a Money Bill if it only contains provisions related to taxation, borrowing of money by the government, expenditure from or receipt to the Consolidated Fund or Contingency Fund of India, (Hence option 1, 2 and 4 is correct) and the appropriation of money out of the consolidated Fund of India (Option 3 is incorrect.).