Indian Polity · Indian Parliament
Which of the following descriptions best captures the distinction between a Financial Bill and a Money Bill in the Indian Parliament?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Money Bills are introduced only in Rajya Sabha, whereas Financial Bills in Lok Sabha.
- 2All Money Bills are Financial Bills, but not all Financial Bills are Money Bills.✓
- 3Every Financial Bill is a Money Bill, but every Money Bill is not a Financial Bill.
- 4A Financial Bill only covers expenditure, while a Money Bill covers taxation.
Correct answer
All Money Bills are Financial Bills, but not all Financial Bills are Money Bills.
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