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Powers of the Legislature

1. No Money B...

Question

1. No Money Bill can be introduced in the Parliament without the recommendation of the President of India.
2. The Prime Minister appoints Finance Commission for distribution of taxes between the Union and the States.
Which of the statements given above is/are correct?

A

1 only

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B

2 only

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C

Both 1 and 2

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D

Neither 1 nor 2

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Solution

The correct option is A 1 only
The Constitution lays down a special procedure for the passing of money bills in the parliament. A money bill can only be introduced in the Lok Sabha only on the recommendation of the president.
Finance commission is a constitutional body. It is constituted by the President. It gives recommendation on distribution of tax revenues between the Union and the States and amongst the States themselves.

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