Which of the following statements is/are correct with respect to Appropriation bills and Finance bills?

  1. While Appropriation act legalizes the expenditure side of the budget, Finance act legalizes the income side (Taxes) of budget.
  2. 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:

Answer: [C] Both 1 & 2

Both are correct statements. 

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