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Financial Bills mentioned in Article 117 are of two types. Read the following statements and select the correct answer:
1. Financial Bill of First Category need Presidential recommendation
2. Financial Bill of Second Category can be introduced in either House without Presidential recomm-endation
3. Financial Bill under article 117(1) of the Constitution cannot be referred to a Joint Committee of the Houses.
Choose the correct options:
1 and 2
1 only
2 and 3
All are correct
3rd statement is incorrect because in case of deadlcok, President of India can summon a joint sitting of the two houses to resolve deadlock.
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