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UPSC Civil Services 2023 Prelims General Studies Paper I

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Question : 37

Total: 100

Regarding Finance Bill and Money Bill in the Indian Parliament, consider the following statements :
1. When the Lok Sabha transmits the Finance Bill to the Rajya Sabha, it can amend or reject the Bill.
2. When the Lok Sabha transmits the 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 the Finance Bill.
How many of the above statements are correct?

Only one
Only two
All three
None

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