Finance bill and money bill question asked in UPSC pre 2023

With reference to Finance Bill and Money Bill in the Indian Parliament consider the following statements:


1. When the Lok Sabha transmits Finance Bill  to the Rajya Sabha, it can amend or reject the Bill.


2. When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject

the Bill, it can only make recommendations.


3. In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for

Money Bill, but a joint sitting becomes necessary for Finance Bill.


How many of the above statements are correct?

(a) Only one

(b) Only two

(c) All three 

(d) None


Answer - A


Trick - Finance Bill = Money Bill 


Analysis 

Difficult,  Factual, Budget basics, parliament basics 


Finance bill and money bill question asked in UPSC pre 2023



Explanation 


What is finance Bill?


A Finance Bill is a type of Money Bill as defined in Article 110 (a) of the Constitution.


It deals with the proposals of the 

1. Government for levy of new taxes

2. Modification of the existing tax structure or continuance of the existing tax

structure beyond the period approved by Parliament are submitted to Parliament through this bill. 


It is introduced as a part of the Annual Financial Statement (i.e. Budget) under Article 112.


The Finance Bill can be introduced only in Lok Sabha. However, the Rajya Sabha can only recommend

amendments in the Bill, it can not amend or reject.


So, 1 false & 2 true


No joint sitting allowed. So, 3 is false.

Comments

Post a Comment

Popular posts from this blog

Charter act of 1833 question asked in UPSC pre 2023

Image
 UPSC pre-2023 By which one of the following Acts was the Governor General of Bengal designated as the Governor General of India? (a) The Regulating Act (b) The Pitt's India Act (c) The Charter Act of 1793 (d) The Charter Act of 1833 Answer  D Analysis  It was an easy, factual question that can be solved with the help of Spectrum for modern history. The Charter Act of 1833 was Also known as the final step towards centralisation in British India. Under this act, the Governor General of Bengal was designated as the Governor General of India. Note Asked UPSC pre-2019 Charter Act of 1813 Ended the trade monopoly of the East India Company in India except for trade in tea and trade with China. Expected question  The Governor General of India will superintend, control and direct all civil and military affairs of the Company.
Read more

Consider the following organizations/bodies in India: 1. The National Commission for Backward Classes 2. The National Human Rights Commission 3. The National Law Commission 4. The National Consumer Disputes Redressal Commission How many of the above are constitutional bodies? UPSC pre 2023

Image
 Consider the following organizations/bodies in India: 1. The National Commission for Backward Classes 2. The National Human Rights Commission 3. The National Law Commission 4. The National Consumer Disputes Redressal Commission How many of the above are constitutional bodies? (a) Only one (b) Only two (c) Only three (d) All four Answer - A Analysis - Easy , Factual, contemporery affair Explaination  The National Commission for Backward Classes(NCBC) was in news Because it got constitutional status by Constitution (Amendment) Act, 2018 (also called, 102nd Amendment Act, 2018), under Article 338B. NHRC statutory body established under the Protection of Human Rights Act, 1993 National Law Commission: executive body whose chief function is legal reforms in the country.  National Consumer Disputes Redressal Commission- A quasi-judicial and statutory body was established in 1988 under the Consumer Protection Act of 1986.  Tip  Make a table of all the bodies in the news and in laxmikanth and
Read more

Consider the following statements: Statement-I: The Supreme Court of India has held ... upsc pre 2023

Image
 Consider the following statements: Statement-I: The Supreme Court of India has held in some judgements that the reservation policies made under Article 16(4) of the Constitution of India would be limited by Article 335 for maintenance of efficiency of the administration. Statement-II: Article 335 of the Constitution of India defines the term 'efficiency of administration'. Which one of the following is correct in respect of the above statements? (a) Both Statements-I and Statement-II are correct and StatementII is the correct explanation for Statement-I (b) Both Statement-I and Statement-II are correct and StatementII is not the correct explanation for Statement-I (c) Statement-I is correct but StatementII is incorrect (d) Statement-I is incorrect but Statement-II is correct Solution  C Analysis  Medium, factual  Explanation M Nagaraj v Union of India 2006 — that the reservation policies made under Article 16(4) of the  Constitution would be limited by Article 335, which provi
Read more