|Consider the following statements comparing the Appropriation Bill and Finance Bill.|
|1. No amendments can be moved in case of Appropriation Bill, while they can be in case of Finance Bill.|
|2. The Appropriation Bill is meant only for withdrawal of money from the Consolidated Fund of India, while the Finance Bill is meant for both withdrawal and putting resources of taxation into the Consolidated Fund.|
|3. Appropriation Bill can be rejected in the Rajya Sabha, while the Finance Bill cannot be.|
|Which of the statements) given above is/are correct?|
A) 1 and 2
B) Only 3
C) 1 and 3
D) All of these
Correct Answer: C
Solution :[c] Statement 1 is correct. Since, the demands for grants r the budget have already been voted and charged expenditure cannot be voted upon, there can be no amendments introduced in the Appropriation Bill. The Appropriation Bill is meant to withdraw money from the Consolidated Fund of India to meet budgetary expenses. The Finance Bill on the other hand, contains the income side of the budget. Statement 2 is correct, the Appropriation Bill is meant only withdrawal of money from the Consolidated Fund of Inos. while the Finance Bill is meant for both withdrawal and putting resources of taxation into the consolidated fund. Statement 3 is incorrect because Appropriation Bill cannot introduced in the Rajya Sabha (as in case of Money While Finance Bill can be rejected in the Rajya Sabha.
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