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Question
What are Financial Powers of the Rajya Sabha?
Solution
Financial Powers: The position of the Rajya Sabha in regard to Money Bills is inferior to that of the Lok Sabha. A Money Bill can originate in the Lok Sabha only. After a Money Bill is passed by the Lok Sabha, it is sent to the Rajya Sabha for its recommendations. The Rajya Sabha must return the Bill to the Lok Sabha within a period of 14 days with its recommendations. In financial matters the Lok Sabha is supreme; the Rajya Sabha has only an advisory role.
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