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?
Show answer
Answer: B. Statement 1 is correct: a Finance Bill that is not a Money Bill is treated like an ordinary bill, so the Rajya Sabha can amend or reject it. Statement 2 is correct: for a Money Bill, the Rajya Sabha can only make recommendations within 14 days (Article 109). Statement 3 is wrong: there is no joint sitting for a Money Bill, but for a Finance Bill a joint sitting is only possible, not 'necessary'; the President may call one under Article 108. So only two.
Watch for: The word 'necessary' in statement 3 is the catch; a joint sitting is optional under Article 108.
Why the other options are wrong
- A. Wrong because statements 1 and 2 are both correct.
- C. Wrong because a joint sitting is never compulsory.
- D. Wrong because statements 1 and 2 are correct.
Source to check: Constitution of India, Articles 108, 109, 110 and 117
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.