Q. Consider the following statements regarding Money Bills and Financial Bills in the context of parliamentary procedures in India:

1. All Money Bills can originate only in Lok Sabha, whereas some Financial Bills may also originate in Rajya Sabha.
2. While Money Bills pertain solely to matters specified in Article 110(1)(a) to (g) of the Constitution, Financial Bills may include additional provisions beyond those listed in Article 110.

Which of the above statements is/are correct?
Answer: Both 1 and 2
Notes: Money Bills are strictly confined to matters specified in Article 110(1)(a) to (g) and can only originate in Lok Sabha. Financial Bills, however, may encompass additional financial provisions, and only certain categories of Financial Bills (under Article 117(3)) can originate in either House. Therefore, both statements are correct.