Q97. 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 not joint sitting for Money Bill, but a 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
Question from UPSC Prelims 2023 GS Paper
Explanation :
Correct Answer: b. Only two
1. As the Finance Bill is a type of money bill, It (like the money bills) cannot be either rejected or amended by the Rajya Sabha.(Incorrect)
2. When the Lok Sabha transmits a Money Bill to the Rajya Sabha, it cannot amend or reject the Bill; it can only make recommendations. (Correct)
3. In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for a Money Bill, but a joint sitting becomes necessary for a Finance Bill. (Correct)