A Bill contains a borrowing clause, but does not exclusively deal with borrowing. The President's recommendation is necessary for the introduction of the bill. It can be introduced only in the Lok Sabha and not in the Rajya Sabha. It can be either rejected or amended by the Rajya Sabha.

 Which one of the following bills is best described in the above paragraph? 

a) Constitutional Amendment Bill 

b) Financial Bill (I) 

c) Financial Bill (II) 

d) Money Bill

Solution: 

• A Financial Bill (I) is a bill that contains not only any or all the matters mentioned in Article 110, but also other matters of general legislation. 
•  In two respects, a financial bill (I) is similar to a money bill–
• (a) both of them can be introduced only in the Lok Sabha and not in the Rajya Sabha, and 
• (b) both of them can be introduced only on the recommendation of the president. 
• In all other respects, a financial bill (I) is governed by the same legislative procedure applicable to an ordinary bill. 
• Hence, it can be either rejected or amended by the Rajya Sabha.

Ans: (b)