Indian Polity • Parliament & ExecutiveMedium
With reference to financial bills under the Indian Constitution, consider the following statements: 1. A Financial Bill (I) containing matters specified in Article 110 can be introduced only in the Lok Sabha on the recommendation of the President. 2. A Financial Bill (II) containing general provisions on revenue and expenditure can be introduced in either House of Parliament without presidential recommendation for its introduction. Which of the statements given above is/are correct?
A. 1 only✓ Correct Answer
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
💡 Solution & Explanation
Financial Bills (I) under Article 117(1) share similarities with Money Bills and require presidential recommendation and introduction only in the Lok Sabha. Financial Bills (II) under Article 117(3) contain general financial provisions and can be introduced in either house, but require presidential recommendation before consideration, making statement two incorrect. Article 110 strictly defines Money Bills.
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