Which of the following statements is/are correct with respect to Appropriation bills and Finance bills?
- While Appropriation act legalizes the expenditure side of the budget, Finance act legalizes the income side (Taxes) of budget.
- While no amendments can be moved or passed in case of appropriation bill, amendments seeking to reject or reduce a tax can be moved in the case of finance bill.
Select the correct option from the codes given below:
Both are correct statements.
This question is a part of GKToday's Integrated IAS General Studies Module