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?