Civics
ASSERTION

If the budget presented to the Rajya Sabha in not passed in the stipulated period, the budget proposals are not affected.

REASON

The Lok Sabha is more powerful, in financial matters,than the Rajya Sabha.


ANSWER

Assertion is incorrect but Reason is correct


SOLUTION
1) A money Bill shall not be introduced in the Council of States.

2) After Monet Bill has been passed by the House of the People it shall be transmitted to the Council of States for its recommendations and the Council of States shall within a period of fourteen days from the date of its receipt of the Bill return the Bill to the House of the People with its recommendations and the House of the People may thereupon either accept or reject all or any of the recommendations of the Council of States.

3) If the House of the People accepts any of the recommendations of the Council of States, the Money Bill shall be deemed to have been passed by both Houses with the amendments recommended by the Council of States and accepted by the House of the People.

4) If the House of the People does not accept any of the recommendations of the Council of States, the Money Bill shall be deemed to have been passed by the House of the People without any of the amendments recommended by the Council of States.

5) If a Money Bill passed by the House of the People and transmitted to the Council of States for its recommendations is not returned to the House of the People within the said period of fourteen days, it shall be deemed to have been passed by both Houses at the expiration of the said period in the form in which it was passed by the House of the People.
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Assertion & Reason Medium Published on 15th 09, 2020
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