- (1) Article 109 of the Indian Constitution deals with the special procedure for Money Bills, detailing that they can only be introduced in the Lok Sabha and the limited powers of the Rajya Sabha regarding them. Article 108 provides for the joint sitting of both Houses of Parliament in certain cases of disagreement on a Bill (other than a Money Bill or a Constitution Amendment Bill). Thus, Statement 1 is incorrect. - (2) The Speaker of the Lok Sabha presides over a joint sitting of the two Houses of Parliament. In the absence of the Speaker, the Deputy Speaker of the Lok Sabha presides. In the absence of both, the Deputy Chairman of the Rajya Sabha presides. The Chairman of the Rajya Sabha (who is the Vice-President of India) does not preside over a joint sitting. Thus, Statement 2 is correct.