Consider the following statements regarding a Money Bill in the Indian Parliament:
1. It can be introduced only in the Lok Sabha.
2. The Rajya Sabha may make recommendations on it, which the Lok Sabha may accept or reject.
3. The President can return it to Parliament for reconsideration.
Which of the statements given above is/are correct?
- A1 only
- B1 and 2 only
- C2 and 3 only
- D1, 2 and 3
Correct answer: B