Examkin

Question

Difficulty: MediumUnion Legislature: Parliament Structure, Lawmaking, and Committees

Consider the following statements regarding a Financial Bill (Category I) under Article 117(1) of the Constitution of India:

1. It can be introduced only in the Lok Sabha and not in the Rajya Sabha.
2. It can be introduced only on the recommendation of the President of India.
3. The Rajya Sabha has the power to reject or amend it in the same manner as an ordinary bill.

Which of the statements given above are correct?

  1. A
    1 and 2 only
  2. B
    2 and 3 only
  3. C
    1 and 3 only
  4. 1, 2 and 3Answer

Answer

All three statements (1, 2, and 3) are correct.
The correct response identifies that all three statements accurately describe the constitutional provisions governing a Financial Bill (Category I) under Article 117(1). It shares two introducing conditions with Money Bills (Lok Sabha introduction only, and prior recommendation of the President), but in all subsequent legislative stages, it is treated as an ordinary bill, allowing Rajya Sabha to reject or amend it.

Step-by-Step Solution

1
Analyze Statement 1 regarding introduction house.
Under Article 117(1), a Financial Bill (Category I) contains matters listed in Article 110 as well as general legislative matters. Like a Money Bill, it can be introduced ONLY in the Lok Sabha.
Constitutional mandate restricts its initiation to the Lower House.
2
Analyze Statement 2 regarding prior executive recommendation.
Article 117(1) explicitly requires the prior recommendation of the President before introduction in the Lok Sabha.
Financial proposals involving public expenditure or revenue require executive authorization.
3
Analyze Statement 3 regarding Rajya Sabha's powers.
Unlike a Money Bill (where Rajya Sabha has restricted 14-day advisory powers), a Financial Bill (Category I) is governed by ordinary legislative procedure after introduction. Hence, Rajya Sabha can accept, amend, or reject it, and a joint sitting under Article 108 can be summoned in case of deadlock.
Non-taxation or general legislative aspects of the bill grant equal legislative status to Rajya Sabha post-introduction.

Key Concept

Financial Bill (Category I) under Article 117(1)
Estimated Time:1m 15s
Rate this question

Topics

Union Legislature: Parliament Structure, Lawmaking, and Committees

More questions from this topic