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Article 110 (Money Bill) contains ONLY matters listed in 110(1)(a-g). Financial Bill I (117(1)) contains Money Bill matters PLUS general legislation. Financial Bill II (117(3)) involves expenditure from CFI but contains NO Article 110 matters.
| Parameter | Category A | Category B | Key Rule |
|---|---|---|---|
| Originates in | Lok Sabha ONLY | Lok Sabha ONLY | Either House (LS or RS) |
| President Recommendation | Mandatory for Introduction | Mandatory for Introduction | Required for Consideration, not Introduction |
| Rajya Sabha Power | Max 14 days delay, cannot amend/reject | Equal powers (can amend/reject) | Equal powers (can amend/reject) |
| Joint Sitting (Art 108) | NOT Applicable | Applicable | Applicable |
Which of the following statements regarding Financial Bill (II) under Article 117(3) is INCORRECT?
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