UPSC 2023: With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements: 1. When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill. 2. When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill; it can only make recommendations. 3. In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill. How many of the above statements are correct?

A Finance Bill presented with the Budget is treated as a Money Bill (Art. 110). For a Money Bill, the Rajya Sabha can only make recommendations within 14 days; it cannot amend or reject it—so statement 2 is correct. Because it is a Money Bill, the Rajya Sabha has no power to reject or amend it (hence statement 1 is incorrect) and Article 108 prohibits a joint sitting for a Money Bill, so statement 3 (which assumes a joint sitting becomes necessary) is also incorrect. Hence only one statement is correct. ([indiankanoon.org](https://indiankanoon.org/doc/141279260/?utm_source=openai))