With reference to Indian Parliament, which one of the following is not correct?

1. The Appropriation Bill must be passed by both Houses of Parliament before it can be enacted into law.
2. No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act.
3. Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation.
4. No Money Bill can be introduced except on the recommendation of the President.

Explanation

Option (a) is the correct answer

• The Appropriation Bill is a Money Bill, and Money Bills can only be introduced in the Lok Sabha. Rajya Sabha cannot reject a Money Bill; it can only make recommendations. If not returned within 14 days, the bill is deemed passed by both Houses. Hence, it is not mandatory for the Rajya Sabha to pass it.

Answer: (a) The Appropriation Bill must be passed by both Houses of Parliament before it can be enacted into law.