Consider the following statements 1 A money bill can be introduced only in the lower house on the re...........

Indian Polity Indian Parliament

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Consider the following statements

1.A money bill can be introduced only in the lower house on the recommendation of Speaker.

2.All financial bills are not Money Bills.

3.Money Bill can be introduced either by a minister or by a private member.

4.The Rajya Sabha can detain money Bill for a maximum period of 10 days.

5.Money Bill can be returned by the President for reconsideration.

How many of the above is/are correct ?

Only one

Only Two

Only Three

All Five

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Explanation:

Money bill can be introduced only in the lower house on the recommendation of President and can be introduced by a minister only. The Rajya Sabha can detain money Bill for a maximum period of 14 days. Money Bill cannot be returned by the President for reconsideration.