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

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Q: 17 (IAS/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?

question_subject: 

Polity

question_exam: 

IAS

stats: 

0,12,49,12,32,15,2

1. "When the Lok Sabha transmits the Finance Bill to the Rajya Sabha, it can amend or reject the Bill." — This statement is Incorrect. The Finance Bill connected to the Union Budget is considered a type of Money Bill, and Rajya Sabha cannot reject or amend such bills.

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." — This statement is Correct. The Constitution grants the Rajya Sabha the right to recommend amendments to Money Bills but not reject or amend them directly.

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." — This statement is Incorrect. In case of a Finance Bill connected to the Union Budget (as a type of Money Bill), like a Money Bill, there's no provision for joint sitting.

only the second statement is correct. The correct option is thus, "Only one."