{"id":93976,"date":"2025-06-01T12:01:01","date_gmt":"2025-06-01T12:01:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93976"},"modified":"2025-06-01T12:01:01","modified_gmt":"2025-06-01T12:01:01","slug":"consider-the-following-statements-1-the-financial-bills-of-catego","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/","title":{"rendered":"Consider the following statements:\n \n 1. The Financial Bills of catego"},"content":{"rendered":"<p>Consider the following statements:<\/p>\n<ul>\n<li>1. The Financial Bills of category B if enacted and brought into operation, would involve expenditure from the Consolidated Fund of India.<\/li>\n<li>2. Financial Bills of category A can be introduced only in Lok Sabha.<\/li>\n<li>3. Financial Bill of category B require recommendation of the President for its introduction.<\/li>\n<\/ul>\n<p>Which of the above statements is\/are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;1 and 2 only&#8221; option3=&#8221;2 and 3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option2&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC SO-Steno &#8211; 2017<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-so-steno-2017.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-so-steno-2017\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">Statements 1 and 2 are correct. Statement 3 is incorrect.<br \/>\nStatement 1: Financial Bills of category B are defined under Article 117(3). These are Bills which, if enacted, would involve expenditure from the Consolidated Fund of India but are not Money Bills or Financial Bills under Article 117(1).<br \/>\nStatement 2: Financial Bills of category A are defined under Article 117(1). These Bills contain provisions similar to a Money Bill as well as other matters. Like Money Bills, they can only be introduced in the Lok Sabha and require the recommendation of the President for introduction.<br \/>\nStatement 3: Financial Bills of category B (Article 117(3)) do not require the recommendation of the President for their introduction. They only require the recommendation of the President for their consideration by either House.<\/section>\n<section id=\"pyq-key-points\">Financial Bills under Article 117 are of two types. Category A requires Presidential recommendation for introduction and can only be introduced in Lok Sabha. Category B requires Presidential recommendation only for consideration but can be introduced in either House and involves expenditure from the Consolidated Fund upon enactment.<\/section>\n<section id=\"pyq-additional-information\">Money Bills (Article 110) also require the President&#8217;s recommendation for introduction and can only be introduced in Lok Sabha. Financial Bills of category A are similar to Money Bills in introduction requirements but differ in the powers of the Rajya Sabha. Financial Bills of category B have fewer restrictions on introduction but involve expenditure from the Consolidated Fund.<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements: 1. The Financial Bills of category B if enacted and brought into operation, would involve expenditure from the Consolidated Fund of India. 2. Financial Bills of category A can be introduced only in Lok Sabha. 3. Financial Bill of category B require recommendation of the President for its introduction. Which of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements:\n \n 1. The Financial Bills of catego\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/#more-93976\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements:<\/p>\n<p> 1. The Financial Bills of catego<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1095],"tags":[1101,1099,1111],"class_list":["post-93976","post","type-post","status-publish","format-standard","hentry","category-upsc-so-steno","tag-1101","tag-indian-polity-and-governance","tag-the-parliament","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements:  1. The Financial Bills of catego<\/title>\n<meta name=\"description\" content=\"Statements 1 and 2 are correct. Statement 3 is incorrect. Statement 1: Financial Bills of category B are defined under Article 117(3). These are Bills which, if enacted, would involve expenditure from the Consolidated Fund of India but are not Money Bills or Financial Bills under Article 117(1). Statement 2: Financial Bills of category A are defined under Article 117(1). These Bills contain provisions similar to a Money Bill as well as other matters. Like Money Bills, they can only be introduced in the Lok Sabha and require the recommendation of the President for introduction. Statement 3: Financial Bills of category B (Article 117(3)) do not require the recommendation of the President for their introduction. They only require the recommendation of the President for their consideration by either House. Financial Bills under Article 117 are of two types. Category A requires Presidential recommendation for introduction and can only be introduced in Lok Sabha. Category B requires Presidential recommendation only for consideration but can be introduced in either House and involves expenditure from the Consolidated Fund upon enactment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements:  1. The Financial Bills of catego\" \/>\n<meta property=\"og:description\" content=\"Statements 1 and 2 are correct. Statement 3 is incorrect. Statement 1: Financial Bills of category B are defined under Article 117(3). These are Bills which, if enacted, would involve expenditure from the Consolidated Fund of India but are not Money Bills or Financial Bills under Article 117(1). Statement 2: Financial Bills of category A are defined under Article 117(1). These Bills contain provisions similar to a Money Bill as well as other matters. Like Money Bills, they can only be introduced in the Lok Sabha and require the recommendation of the President for introduction. Statement 3: Financial Bills of category B (Article 117(3)) do not require the recommendation of the President for their introduction. They only require the recommendation of the President for their consideration by either House. Financial Bills under Article 117 are of two types. Category A requires Presidential recommendation for introduction and can only be introduced in Lok Sabha. Category B requires Presidential recommendation only for consideration but can be introduced in either House and involves expenditure from the Consolidated Fund upon enactment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T12:01:01+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements:  1. The Financial Bills of catego","description":"Statements 1 and 2 are correct. Statement 3 is incorrect. Statement 1: Financial Bills of category B are defined under Article 117(3). These are Bills which, if enacted, would involve expenditure from the Consolidated Fund of India but are not Money Bills or Financial Bills under Article 117(1). Statement 2: Financial Bills of category A are defined under Article 117(1). These Bills contain provisions similar to a Money Bill as well as other matters. Like Money Bills, they can only be introduced in the Lok Sabha and require the recommendation of the President for introduction. Statement 3: Financial Bills of category B (Article 117(3)) do not require the recommendation of the President for their introduction. They only require the recommendation of the President for their consideration by either House. Financial Bills under Article 117 are of two types. Category A requires Presidential recommendation for introduction and can only be introduced in Lok Sabha. Category B requires Presidential recommendation only for consideration but can be introduced in either House and involves expenditure from the Consolidated Fund upon enactment.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements:  1. The Financial Bills of catego","og_description":"Statements 1 and 2 are correct. Statement 3 is incorrect. Statement 1: Financial Bills of category B are defined under Article 117(3). These are Bills which, if enacted, would involve expenditure from the Consolidated Fund of India but are not Money Bills or Financial Bills under Article 117(1). Statement 2: Financial Bills of category A are defined under Article 117(1). These Bills contain provisions similar to a Money Bill as well as other matters. Like Money Bills, they can only be introduced in the Lok Sabha and require the recommendation of the President for introduction. Statement 3: Financial Bills of category B (Article 117(3)) do not require the recommendation of the President for their introduction. They only require the recommendation of the President for their consideration by either House. Financial Bills under Article 117 are of two types. Category A requires Presidential recommendation for introduction and can only be introduced in Lok Sabha. Category B requires Presidential recommendation only for consideration but can be introduced in either House and involves expenditure from the Consolidated Fund upon enactment.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T12:01:01+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/","name":"Consider the following statements: 1. The Financial Bills of catego","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T12:01:01+00:00","dateModified":"2025-06-01T12:01:01+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statements 1 and 2 are correct. Statement 3 is incorrect. Statement 1: Financial Bills of category B are defined under Article 117(3). These are Bills which, if enacted, would involve expenditure from the Consolidated Fund of India but are not Money Bills or Financial Bills under Article 117(1). Statement 2: Financial Bills of category A are defined under Article 117(1). These Bills contain provisions similar to a Money Bill as well as other matters. Like Money Bills, they can only be introduced in the Lok Sabha and require the recommendation of the President for introduction. Statement 3: Financial Bills of category B (Article 117(3)) do not require the recommendation of the President for their introduction. They only require the recommendation of the President for their consideration by either House. Financial Bills under Article 117 are of two types. Category A requires Presidential recommendation for introduction and can only be introduced in Lok Sabha. Category B requires Presidential recommendation only for consideration but can be introduced in either House and involves expenditure from the Consolidated Fund upon enactment.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-financial-bills-of-catego\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC SO-Steno","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-so-steno\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements: 1. 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