- Statement 1 is correct: Only a Minister can present a Money Bill, as it is considered a government bill dealing with financial matters under Article 110. - Statement 2 is correct: Article 110 defines Money Bills, which are a subset of Financial Bills. Financial Bills encompass a broader category under Article 117, including those with features of Money Bills (Art. 117(1)) and those involving expenditure from the Consolidated Fund of India (Art. 117(3)). Thus, all Money Bills are Financial Bills, but not all Financial Bills are Money Bills. - Statement 3 is correct: Financial Bills under Article 117(1) require the prior recommendation of the President for introduction and can only be introduced in the Lok Sabha. Financial Bills under Article 117(3) require the President's recommendation for consideration (not introduction) by either House but can be introduced in either House. The statement specifically matches the requirements for bills under Article 117(1).
Which of the following statements are correct? Only a Minister can present a Money Bill. All Money Bills are Financial Bills but only some Financial Bills are Money Bills. Finance Bills under Article 117 can only be introduced with prior permission of the President in Lok Sabha only.
Asked in GPSC Prelims CSP 1 2021 · Topic: The Parliament (Legislative Procedure: Types of Bills (Ordinary, Money, Financial, Constitution Amendment) and their passage)
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