Question 1 of 10Polity Practice Series · Union and State Legislature
Consider the following comparison between finance act/ MU and appropriation act/hiH:
- 1.Appropriation act authorizes the payment side of budget whereas Finance act legalizes the income side of the budget.
- 2.The amendments seeking to reject or reduce a tax cannot be moved in the case of both finance bill and appropriation bill.
- 3.Appropriation act becomes applicable only after the assent given by president whereas finance act can be implemented without president's assent.
How many statements given above are correct?