Consider the following statements regarding Money bill.

1. Money bill can also be introduced in upper house of the state legislature unlike Parliament.2. Time limit within which upper house can return money bill is 14 days in case of parliament whereas no such limit has been defined for the state legislature.

Select the correct statements using the codes given below.a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2

Ans-[D] 

Explanation– The procedure of money bill is same in both Parliament and state legislature. Money bill can only be introduced in lower house and time limit in which upper house has to return money bill to lower house is 14 days in case of Parliament and state legislature.