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What is correct about Finance Bill? (i) It is presigned by the President. (ii) It can be introduced in Rajya Sabha. (iii) It can be introduced in Lok Sabha only. (iv) Rajya Sabha can refuse to assent the bill. (v) In the position of deadlock President can summon for joint session of Parliament. (vi) President can't refuse to sign on the bill.

What is correct about Finance Bill? (i) It is presigned by the President. (ii) It can be introduced in Rajya Sabha. (iii) It can be introduced in Lok Sabha only. (iv) Rajya Sabha can refuse to assent the bill. (v) In the position of deadlock President can summon for joint session of Parliament. (vi) President can't refuse to sign on the bill. Correct Answer <span style="">(i), (iii), (iv), (v)</span>

The correct answer is option 3.

Key Points

  •  Finance Bill-Type I-(Article 117(1) of the Constitution)
    • A recommendation from the President of India is needed to introduce Finance Bill.
    • Rajya Sabha has the power to amend or reject it.
    • It can be introduced only in Lok Sabha.
    • To resolve the deadlock on Finance Bill, President can summon a joint sitting of both Lok Sabha and Rajya Sabha.

Important Points

  •  Finance Bill-Type II-(Article 117(3) of the Constitution)
    • Recommendation of the President of India is not needed to introduce Finance Bill–type II.
    • Rajya Sabha has the power to amend or reject it.
    • It can be introduced in Lok Sabha as well as Rajya Sabha.
    • To resolve the deadlock on Finance Bill, President can summon a joint sitting of both Lok Sabha and Rajya Sabha.

Related Questions

Identify the correct statement(s) associated with providing super elevation on railway curves. S1. Cant Excess : Occurs when the train travels around a curve at a speed higher than the equilibrium speed. S2. Cant Deficiency : Difference between the actual cant provided and the theoretical cant required at low speeds. S3. Maximum permissible speed: Highest speed permitted to a train on a curve taking into consideration the radius of Curvature, actual cant, cant deficiency, cant excess, and the length of transition.
Which of the following statement is/are correct? The Joint Session of Parliament is presided over by the President. The Joint Session on the Money Bill is presided over by the Lok Sabha Speaker. In the event of a deadlock on the Constitution Amendment Bill, the joint session is presided over by the Lok Sabha Speaker. Select the correct code from below.
Which of the following statement/statements is/are correct?
1. If the other House does not pass an Ordinary Bill and more than six months have passed, the President may summon a Joint Session of both the Houses.
2. At the Joint Session of two Houses, new amendment can be proposed in the Bill with the permission of the Presiding Officer (Speaker of the Lok Sabha).
3. The Lower House has exclusive power over Money Bills.
4. Money and Financial Bills can be only introduced in the Lok Sabha and with prior recommendations of the President.
Select the correct answer:
Which of the following is true:
1. A Bill pending in Rajya Sabha which has not been passed by Lok Sabha lapses on the dissolution of Lok Sabha
2. If the President has notified about his intention to summon a joint sitting on a Bill, the Bill does not lapse even if the Lok Sabha is dissolved after the notification
What is correct about Appropriation Bill? (i) It is introduced by Finance Minister. (ii) It is introduced in Lok Sabha. (iii) It can be amended by Lok Sabha. (iv) It is presigned by President. (v) It gives the legal power to the Govt. for expenditure. (vi) Cut motion can be introduced by the opposition.
Which of the following statements are not true about the process of Constitutional Amendment in India?
1. The Parliament can amend the Constitution with a special majority.
2. State Assemblies can propose amendment in the Constitution.
3. A Bill for Constitutional Amendment can be introduced only in the Lower House of the Parliament.
4. Deadlock between the two Houses of Parliament over a Bill for Constitutional Amendment can be removed by a joint session of the Parliament.
5. The President of India enjoys the veto power over Constitutional Amendment Bills passed by the Parliament.
Select the correct answer:
In the case of a bill passed by the State Legislatue, Governor can reserve it for the consideration of the President. a. The President may declare or withhold his assent to the bill. b. The President may return the bill for reconsideration to the State Legislature. c. State Legislature must reconsider the bill within three months and if passed again it is obligatory upon the President to give his assent. d. In case of reconsidered bill which is passed again by State Legislature, President shall declare his assent within a period of six months. Which of the statements given above are correct ?
Which of the following actions cannot be taken by the President with respect to Money Bill? i. President can reject Money Bill ii. President recommends laying down of Money bill in Lok Sabha iii. President can send the bill back to Parliament for reconsideration iv. President gives his assent to the bill
Which among the following statements is/are false? 1. In order to qualify Lok Sabha, a person should not be bankrupt. 2. In order to qualify Rajya Sabha, a person must not be less than 30 years of age. 3. A person can be a member of both Lok Sabha and Rajya Sabha at the same time. 4. Lok Sabha is known as the lower house whereas Rajya Sabha is known as the upper house.
Given below are four jumbled sentences. Select the option that gives their correct order. The powers of the legislature in India are exercised by the Parliament, a bicameral legislature consisting of the Rajya Sabha and the Lok Sabha. The parliament does not have complete control and sovereignty, as its laws are subject to judicial review by the Supreme Court The Lok Sabha is considered the lower house or the House of the people. Of the two houses of parliament, the Rajya Sabha is considered to be the upper house of the Council of States and consists of members appointed by the president and elected by the state and territorial legislatures.