
Question 5/5
Q5.
With reference to ‘Money Bills and Financial bills’, consider the following statements:
- While all Money Bills are Financial Bills, all Financial Bills are not Money Bills.
- Both Financial Bill (I) and Financial Bill (II) can be introduced in Rajya Sabha.
- Both Financial Bill (I) and Financial Bill (II) are required to be passed by both houses of the Parliament individually or by a joint sitting of the two Houses.
How many of the above statements are correct?