Consider the following Bills:

  1. Money bill
  2. Financial Bill of category A
  3. Financial Bill of category B

Which of the above can be introduced only in Lok Sabha?

Answer: [B] 1 & 2 Only

Financial bill of category B can be introduced in either House of the Parliament.  Money Bills are those Bills which contain only provisions dealing with all or any of the matters specified in sub-clauses (a) to (f) of clause (1) of article 110 of the Constitution. Money Bills and Financial Bills of Category A can be introduced only in the Lok Sabha.

This question is a part of GKToday's Integrated IAS General Studies Module