Finance Bill vs Money Bill in Parliament — Rajya Sabha powers, joint sitting
Question
With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements: How many of the above statements are correct?
- 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.
Options
Only one
Only two
All three
None
Explanation
Only Statement 2 is correct; the Rajya Sabha can only make recommendations on a Money Bill within 14 days. Statement 1 is technically incorrect because a Finance Bill (Category I) contains provisions of a Money Bill, and its tax proposals cannot be rejected/amended by the RS without the President's recommendation. Statement 3 is incorrect; while a joint sitting is possible for a Finance Bill, it is not strictly necessary.
Answer: (a).
Question details
Year
2023
Paper
GS Paper 1
Question
Q37
Subject
Polity
Sub-topic
Parliament & Legislature
Type
How-many counting
Difficulty
Medium
Nature
Static
Source hint
Constitution Art.109
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