Consider the following statements about Financial Bill of Category A:
- Unlike Money Bill, Financial Bill of Category A can be introduced in either House of Parliament
- Prior permission of President is not required before introducing the bill
Which of the above statements is/are correct?
First statement is incorrect because Financial Bill of Category A can be introduced only in Lok Sabha. Second statement is also incorrect because it requires prior permission of president before being introduced in Lok Sabha.
This question is a part of GKToday's Integrated IAS General Studies Module