Question 1 of 10Polity Practice Series · Union and State Legislature
Consider the following comparison between finance act/ MU and appropriation act/hiH:
1Appropriation act authorizes the payment side of budget whereas Finance act legalizes the income side of the budget.
2The amendments seeking to reject or reduce a tax cannot be moved in the case of both finance bill and appropriation bill.
3Appropriation 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?
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