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Question

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 in case of money bill whereas joint sitting becomes necessary for Finance bill.
How many of the above, statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None

Answer:

B

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Explanation:

A financial bill is introduced like a money bill and passed like an ordinary bill. So, the Rajya Sabha has the power to make amendments to the Finance Bill.

According to Article 109 of the Constitution of India, the Rajya Sabha does not have the power to amend or reject a Money Bill. It can only make recommendations on the Bill, and the Lok Sabha has the discretion to accept or reject these recommendations.

In case of Money bill there is no joint sitting, however in case of Finance bill as an ordinary bill there can be a joint sitting, but it is not necessary to hold it.

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