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With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements

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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:

(a)

Core Books/NCERT

Explanation

Finance Bill is presented by the government to impose taxes. It is considered to be a money bill. Rajya Sabha cannot reject it st1 wrong Rajya Sabha can make recommendations to change it. st2 right There is no provision for joint sitting here. st3 wrong. Therefore the answer is [A]