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Consider the following statements:
1. The Bills imposing restrictions on the freedom of trade and commerce can be introduced in the State Legislature only, with the previous sanction of the President.
2. The Centre can direct the states to reserve the Money Bills and other Financial Bills passed by the State Legislature for the President’s consideration during a Financial Emergency.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. The Bills imposing restrictions o...
The Bills imposing restrictions on the freedom of trade and commerce: According to Article 304 of the Indian Constitution, any Bill or amendment that imposes reasonable restrictions on the freedom of trade, commerce, or intercourse within the state or with other states cannot be introduced in a State Legislature without the previous sanction of the President of India.
The Centre's direction to states during a Financial Emergency: Under Article 360 of the Indian Constitution, if the President has proclaimed a Financial Emergency, the Centre can give directions to the states to observe such canons of financial propriety as specified by the Centre. Among other directions, the Centre can also require that Money Bills or other Financial Bills be reserved for the consideration of the President after they are passed by the State Legislature.
Therefore, both statements given are correct.
The correct answer is: Both 1 and 2.
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Consider the following statements:1. The Bills imposing restrictions on the freedom of trade and commerce can be introduced in the State Legislature only, with the previous sanction of the President.2. The Centre can direct the states to reserve the Money Bills and other Financial Bills passed by the State Legislature for the President’s consideration during a Financial Emergency.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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