Consider the following statements about Money Bills and Finance Bills:

  1. Unlike Money bills, few other Finance bills can be introduced in either house of the Parliament
  2. Similar to Money bills, other Finance bills also cannot be introduced without the prior recommendation of the President

Which of the above statements is/are correct?

Answer: [A] Only 1

Second statement is incorrect because few Finance bills can be introduced in either house of the Parliament without the prior recommendation of President.

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