UPSC Previous Year Question | Prelims GS | 2023

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?

  1. Only one
  2. Only two
  3. All three
  4. None

Answer

Correct Answer

Only two

Explanation

A general Finance Bill (not a Money Bill under Art. 110) can indeed be amended/rejected by the Rajya Sabha (statement 1 true), and the Rajya Sabha cannot amend/reject a Money Bill, only recommend changes (statement 2 true). However, statement 3 is incorrect—joint sittings are not applicable to Money Bills nor is there a general 'necessity' of joint sitting specific to Finance Bills as stated.

Topics: finance bill, money bill, parliament, polity