Finance Bill becomes the Finance Act when it is passed by

Accountancy and Book Keeping ·Previously asked in JKSSB Finance Account Assistant 2024

View the full solved paper: Finance Accounts Assistant

Question

Finance Bill becomes the Finance Act when it is passed by

  1. A. Lok Sabha
  2. B. Both Lok Sabha and Rajya Sabha
  3. C. Both House of Parliament and signed by President
  4. D. Both House of Parliament and signed by Prime Minister (Correct answer)

Correct Answer

Option D — Both House of Parliament and signed by Prime Minister

Detailed Solution & Explanation

The correct answer is Both House of Parliament and signed by Prime Minister.

Key Points

  • This question was officially deleted/cancelled from the paper.
  • No explanation applicable.

Topics covered: Accountancy