Question

ASSERTION: If the budget presented to the Rajya Sabha is not passed in the stipulated budget proposals are not affected.

REASON: The Lok Sabha is more powerful, in financial matters, than the Rajya Sabha.

A. Both Assertion and Reason are correct and Reason is the correct explanation for Assertion

B. Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion

C. Assertion is correct but Reason is incorrect

D. Assertion is incorrect but Reason is correct

Answer 1

Hint: Both the houses together form the parliament but the Lok Sabha that  occupies the central position in Indian polity. The second chamber of the Indian parliament, which is the upper house, is a permanent house and is not subject to dissolution. The Lok Sabha is the more powerful of the two houses of Parliament with regards to financial matters as a money bill can be introduced  only in Lok Sabha. Thus it controls the finances of the government. 

Complete answer:

A Budget is an estimate of outflows and inflows that a Government will incur during a fiscal year. Lter the minister introduces the Budget within the Lok Sabha by way of a speech and offers an summary of the Budget so the minister tables it in Rajya Sabha.

Except Money Bills and Financial Bills, Category A, which may be introduced only within the Lok Sabha, a Bill may originate in either House of Parliament. As per the provisions of article 109 of the Constitution, the Rajya Sabha has limited powers with reference to Money Bills.

A Money Bill after having gone to the Lok Sabha, and sent to Rajya Sabha for its recommendations, should be returned to Lok Sabha by the Rajya Sabha, within a period of fourteen days from the date of its receipt, with or without recommendations. it's open for the Lok Sabha, to either accept or reject all or any of the recommendations of the Rajya Sabha. If the Lok Sabha accepts any of the recommendations of the Rajya Sabha, the cash Bill is deemed to have been glided by both Houses with the amendments recommended by the Rajya Sabha and accepted by the Lok Sabha. If the Lok Sabha doesn't accept any of the recommendations of the Rajya Sabha, the money Bill is deemed to possess been gone by both Houses within the form during which it had been gone by the Lok Sabha with none of the amendments recommended by the Rajya Sabha.

In case a Money Bill isn't returned by the Rajya Sabha to the Lok Sabha within a period of fourteen days from the date of its receipt, it's deemed to have elapsed both Houses within the form during which it absolutely was lapsed the Lok Sabha after the expiry of said period.

Thus Lok Sabha exercises more powers in money matters. Once the Lok Sabha passes the budget of the govt or the other money related law, the Rajya Sabha cannot reject it. The Rajya Sabha can only delay it by 14 days or suggest changes in it. The Lok Sabha may or might not accept these changes.

Hence, the right answer is option (A).

Note: The  Lok Sabha is the more powerful of the two houses with regards to the Council of Ministers because they take all the important decisions of the country under the leadership of the prime minister. Rajya Sabha does not have a Council of Ministers.