GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Only in Lok Sabha
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Only in Rajya Sabha
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Only in a joint sitting of 2 houses
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In either house of the parliament
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Detailed explanation-1: -A Bill may be introduced in either House of Parliament. However, a Money Bill can not be introduced in Rajya Sabha.It can only be introduced in Lok Sabha with prior recommendation of the President for introduction in Lok Sabha.
Detailed explanation-2: -Money Bills can be introduced only in Lok Sabha. Rajya Sabha cannot make amendments in a Money Bill passed by Lok Sabha and transmitted to it. It can, however, recommend amendments in a Money Bill, but must return all Money Bills to Lok Sabha within fourteen days from the date of their receipt.
Detailed explanation-3: -Money bills cannot be introduced in Rajya Sabha. Money bills can be introduced only in the Lok Sabha with the prior recommendation of the President.
Detailed explanation-4: -The Finance Bill can be introduced only in Lok Sabha. However, the Rajya Sabha can recommend amendments in the Bill.