Discussion
Considering the powers of Lok Sabha and Rajya Sabha in the Indian Parliament which of the following statement is NOT correct?
Answer: D
The statement that is not correct is Only Lok Sabha has power in the introduction and passage of financial Bills involving expenditure from the Consolidated Fund of India.
A financial Bill that only involves expenditure from the Consolidated Fund (a Bill under Article 117(3)) is treated like an ordinary Bill: it can be introduced in either House, and the Rajya Sabha has full power to amend or reject it. Only the President's recommendation is needed before it is considered.
The other statements are correct. A Money Bill can be introduced only in the Lok Sabha. The Rajya Sabha discusses the budget but does not vote on demands for grants. The two Houses have equal powers over ordinary Bills, with a joint sitting to resolve deadlock.
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