Finance Bill: Procedure & Passing - Indian polity and Governance

Q.  Which of the following statements are true about the Finance Bill?

1. The Parliament approves the Finance Bill for a period of one year at a time known as the Finance Act.

2. Finance Bill is taken up for consideration and passing after the Appropriation Bill is passed.

3. Parliament has to pass the Finance Bill within 75 days of its introduction.

4. The procedure in respect of Finance Bill is the same as in the case of other Money Bills.

- Published on 05 May 15

a. 1,2,3
b. 2,3,4
c. 1,3,4
d. All the above

ANSWER: All the above

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