Which of the following statements correctly distinguishes between a Financial Bill (Type I) and a Financial Bill (Type II) under the Indian Constitution?

Options:

  • A: Financial Bill (Type I) can only be introduced in the Lok Sabha on the recommendation of the President, whereas Financial Bill (Type II) can be introduced in either House of Parliament and does not require prior recommendation for introduction.
  • B: Financial Bill (Type I) can be amended by the Rajya Sabha without restrictions, whereas Financial Bill (Type II) cannot be amended by the Rajya Sabha at all.
  • C: Financial Bill (Type I) requires a joint sitting to resolve deadlocks, whereas Financial Bill (Type II) does not permit a joint sitting.
  • D: Financial Bill (Type I) is certified by the Speaker, whereas Financial Bill (Type II) is certified by the Chairman of the Rajya Sabha.

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