gs1medium

Consider the following statements:

  1. 1.The Rajya Sabha has no power either to reject or to amend a Money Bill.
  2. 2.The Rajya Sabha cannot vote on the Demands for Grants.
  3. 3.The Rajya Sabha cannot discuss the Annual Financial Statement.

Which of the statements given above is/are correct?

  1. A.1 only
  2. B.1 and 2 only
  3. C.2 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: B. 1 and 2 only

The Constitution of India grants significant financial powers exclusively to the Lok Sabha. A Money Bill, after being passed by the Lok Sabha, is sent to the Rajya Sabha, which can only recommend amendments or reject it entirely, but the Lok Sabha's decision is final. While the Rajya Sabha does not vote on Demands for Grants, it does have the power to discuss the Union Budget, which includes the Annual Financial Statement.

Source: UPSC gs1 2015

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