Money bill - GS questions based on daily current affairs

1)   Which of the following statements is/are correct about Money bill?

1. The Rajya Sabha may amend money bills
2. The Speaker of the Lok Sabha certifies if a Finance bill is a Money Bill or not.

a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Only 2

Explanation:
- Rajya Sabha cannot make amendments in a Money Bill passed by Lok Sabha and transmitted to it.
- It can, however, recommend amendments in a Money Bill, but must return all Money Bills to Lok Sabha within fourteen days from the date of their receipt.
- It is open to Lok Sabha to accept or reject any or all of the recommendations of Rajya Sabha with regard to a Money Bill.
2)   Within how many days government has to pass money bills related to the union budget?

a. 30 days
b. 60 days
c. 75 days
d. 90 days
Answer  Explanation 

ANSWER: 60 days

Explanation:
Government has to pass all money bills related to the union budget passed within 75 days of the presentation of the budget.

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