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Financial Powers of Parliament

Where does a ...

Question

Where does a Financial Bill gets introduced and discussed first?

A

Lok Sabha

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B

Rajya Sabha

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C

State Assemblies

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D

Supreme Court

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Solution

The correct option is A Lok Sabha
Financial Bill gets introduced and discussed first in the Lok Sabha. This bill describes how the government plans to tax its citizens and spend the tax money over the entire year.

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Similar questions

Q. Give correct response to
I. A Money Bill cannot be introduced in Rajya Sabha
II. All Financial Bills are not Money Bills
III. A Money Bills can be introduced only in Lok Sabha on the recommendation of the President
IV. Rajya Sabha is fully empowered to reject or amend a Financial Bill as it does in the case of ordinary bill ___________.

Q. How are private member’s Bills introduced and discussed? What chance does such a Bill have of becoming law?

Q. Consider the following statements on Financial Bill and say which is/are correct?
1. It is the sameasa Money Bill.
2. It can be introduced only in the Lok Sabha.
3. It can be amended in the Rajya Sabha.
4. It cannot be introduced except on the recommendation of the President.

Q. Both Lok Sabha and Rajya Sabha can introduce an Ordinary Bill.

Q. Assertion :Unlike Money Bill, Financial Bill of Category A can be introduced in either House of Parliament. Reason: Recommendation of President is not require before introducing this bill.

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