UPSC PRELIMS · POLITY · PARLIAMENT — FINANCE BILL & MONEY BILL
With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements : 1. When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill. 2. When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make recommendations. 3. In the case of disagreement between the Lok Sabha and the Rajya · Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill. How many of the above statements are correct?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
A Finance Bill can be amended or rejected by the Rajya Sabha, while a Money Bill can only receive recommendations from it. A joint sitting is not required for every Finance Bill, so statement 3 is incorrect.
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