Consider the following statements:
- 1. Article 117 deals with all the 3 types of financial bills.
- 2. Financial bill (I) can be amended or rejected by the Rajya Sabha.
- 3. All financial bills are not money bills.
Which of the above statements are correct ?
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC Combined Section Officer – 2024
Statements 2 and 3 are correct, while Statement 1 is incorrect. Statement 1 is incorrect because Article 117 primarily deals with Financial Bills (Category I and Category II). Money Bills are defined in Article 110, although they are also a type of financial bill. So, Article 117 does not deal with *all three* types (Money Bill, Financial Bill I, Financial Bill II) comprehensively, rather Article 110 defines Money Bills, and Article 117 covers Financial Bills I and II. Statement 2 is correct; Financial Bill (Category I) is similar to an ordinary bill in that Rajya Sabha can amend or reject it, but it requires the President’s recommendation for introduction. Statement 3 is correct; all financial bills are not Money Bills. Money Bills are a sub-category of financial bills, specifically those dealing *only* with matters listed in Article 110. Financial Bills (Category I and II) are other types of financial bills that do not exclusively contain matters listed in Article 110.
Money Bills (Article 110) are a distinct category from Financial Bills (Article 117). Rajya Sabha has limited powers regarding Money Bills but has more powers over Financial Bills (Category I).