With reference to Finance Bill and Money Bill in the Indian Parliament consider the following statements:
- When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill.
- When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make 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.
How many of the above statements are correct?
Detailed Explanation:
Answer: Option 2 — Only two
This question tests the understanding of parliamentary procedures for Finance Bills and Money Bills. Out of the three statements, two are correct (Statements 1 and 2), while Statement 3 is incorrect because joint sitting is not mandatory but discretionary for Finance Bills.
✅ Statement 1 – Correct: Finance Bill (Category I under Article 117) follows ordinary legislative procedure, so Rajya Sabha can amend or reject it.
✅ Statement 2 – Correct: Money Bill (Article 110) cannot be rejected or amended by Rajya Sabha; it can only make recommendations within 14 days.
❌ Statement 3 – Incorrect: Joint sitting is not available for Money Bills (correct), but it is not "necessary" (mandatory) for Finance Bills—under Article 108, the President "may" summon a joint sitting at discretion.
📝 Short Notes: Finance Bill vs Money Bill
| Aspect | Money Bill (Article 110) | Finance Bill (Article 117) |
|---|---|---|
| Introduction | Only in Lok Sabha | Only in Lok Sabha |
| Rajya Sabha Powers | Cannot amend or reject; only recommend within 14 days | Can amend or reject (ordinary legislative procedure) |
| Joint Sitting | Not provided (Article 108 does not apply) | Permitted under Article 108 (discretionary, not mandatory) |
| President's Assent | Mandatory | Mandatory |
| Certification | Speaker certifies as Money Bill | No special certification required |
| Scope | Deals exclusively with matters under Article 110 (taxation, consolidated fund, etc.) | Contains provisions beyond Article 110; may include ordinary law provisions |
Question 3 of 7 Budget and Financial Procedures
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