Question

What are the similarities between a money bill and a finance bill?

• A. Both are presigned by the President.
• B. Both can be introduced in Lok Sabha only.
• C. Rajya Sabha can hold 14 days only.
• D. President can’t refuse to assent.

Hint:

Remember: All Money Bills are Finance Bills, but all Finance Bills are not Money Bills. Check Article 110 carefully.

Answer 1

The Correct Option is C

Step 1: Understand Money Bill vs Finance Bill.
Money Bill (Article 110)
: Only introduced in Lok Sabha with prior recommendation of President.
Finance Bill:
Broader, but essential financial bills also follow similar conditions.
Step 2: Check Each Similarity.
(I)
Pre-signed by President:
Yes, prior recommendation needed.
(II)
Only Lok Sabha:
Yes, introduction is only in Lok Sabha.
(III)
Rajya Sabha’s time limit:
Yes, Rajya Sabha has 14 days only to return the bill.
(IV)
President’s assent:
For Money Bill: President must assent.
For Finance Bill (other than Money Bill): President has discretion.
Thus, (IV) is not fully correct.
Step 3: Conclude.
(I), (II), (III) are correct.