With reference to Finance Bill and Money Bill in the Indian Pa | Indian Polity Constitution Quiz MCQs UPSC

With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements :

[UPSC CSE 2023] #Polity #Moneybill

1. When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill.

2. When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make recommendations.

3. In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill.

How many of the above statements are correct?