UPSC Prelims 2024 · GS Paper 1 · Q38

Polity

Medium · Money Bills

Consider the following statements:

1. A Money Bill can be introduced only in the Lok Sabha, and only on the recommendation of the President.

2. The Rajya Sabha must return a Money Bill to the Lok Sabha within 14 days, with or without its recommendations.

3. The Lok Sabha is bound to accept any amendments recommended by the Rajya Sabha to a Money Bill.

Which of the statements given above is/are correct?