Consider the following statements 1 Any ordinary law needs to be passed by both the Houses 2 Money b...........

Indian Polity Parliamentary Procedures

Consider the following statements:

1.Any ordinary law needs to be passed by both the Houses.

2.Money bills need to be passed only by the Lok Sabha.

3.In case of a disagreement between the two houses on ordinary bills, a joint sitting is called that is presided by the President.

How many of the above is/are correct ?

Only One

Only Two

All Three

None

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Explanation:

Incorrect Statement 2: This bill needs to be passed in both houses. However, Lok Sabha exercises more powers in money matters. Once the Lok Sabha passes the budget of the government or any other money related law, the Rajya Sabha cannot reject it. The Rajya Sabha can only delay it by 14 days or suggest changes in it. The Lok Sabha may or may not accept these changes.

Incorrect Statement 3: The final decision is taken in a joint session presided by the Speaker (LS) in which members of both the Houses sit together. Because of the larger number of members, the view of the Lok Sabha is likely to prevail in such a meeting.