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?
(a) Only one
(b) Only two
(c) All three
(d) None
Answer: B
Let’s analyze each statement:
- When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill.
- The Rajya Sabha can only recommend amendments to the Finance Bill. It cannot reject the bill. The Lok Sabha has the final say on the Finance Bill, and it can either accept or reject the Rajya Sabha’s recommendations.
- so statement 1 is Incorrect.
- When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill; it can only make recommendations.
- This statement is correct. Money Bills are within the exclusive domain of the Lok Sabha, and the Rajya Sabha cannot amend or reject them. The Rajya Sabha can only make recommendations, and it is up to the Lok Sabha to accept or reject those recommendations.
- 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.
- This statement is correct. In the case of a disagreement between the two Houses of Parliament on a Money Bill, there is no provision for a joint sitting. The Lok Sabha’s decision prevails. However, in the case of a disagreement on a Finance Bill, a joint sitting of both Houses becomes necessary to resolve the disagreement.
Therefore, Only Two statements are correct. Hence, the answer is (B) Only Two.
