Question

How many types of bills are there? Name them.

Answer 1

The types of Bills

Explanation:

There are two types of Bills  introduced in the Parliament- Money Bill and Ordinary Bill

Money Bill - Money bill is introduced in only the lower house of the Parliament which for the most part covers the issue of  spending money  such as tax laws, laws governing borrowing and expenditure of the Government, prevention of black money etc.

Ordinary Bill- It can be introduced in either house of the Parliament either by a minister or a private member. It then has to be approved by both houses, and signed by the President.