UPSC Prelims 2023 · GS Paper 1 · Q67
Polity
Hard · Finance Bill vs Money Bill procedure
Consider the following statements about a Finance Bill (Category I) and a Money Bill in Indian Parliamentary procedure:
1. Once transmitted to the Rajya Sabha, a Finance Bill (Category I) can be amended or rejected by it just like an ordinary bill.
2. The Rajya Sabha's power over a Money Bill is confined to making recommendations, which the Lok Sabha may accept or reject.
3. A deadlock between the two Houses over a Money Bill, like an ordinary bill, is resolved through a joint sitting under Article 108.
How many of the above statements are correct?