खालीलपैकी कोणते विधान चुकीचे आहे ?

The correct answer is Option B (A Financial Bill [Article-117(3)] cannot be either rejected or amended by the Rajya Sabha.).

Key Points:
• Financial Bills under Article 117 vs Money Bills under Article 110:
• Statement 2 is INCORRECT: A Financial Bill (II) under Article 117(3) (which contains provisions involving expenditure from the Consolidated Fund of India but does not include any matter of Article 110) is treated in all respects like an ordinary bill. Hence, the Rajya Sabha has full powers to reject or amend it. (It is only a Money Bill under Article 109 that Rajya Sabha cannot amend or reject).
• Statement 1 is TRUE: Money Bills are a subset of Financial Bills; every Money Bill is a Financial Bill, but only those containing exclusively Article 110 matters are Money Bills.
• Statement 3 is TRUE: Since Financial Bills under Article 117(3) are treated like ordinary bills, the President can summon a joint sitting under Article 108 to resolve any legislative deadlock between the Houses.
• Key Takeaway: Financial Bill (II) under Article 117(3) is treated like an ordinary bill; Rajya Sabha CAN reject or amend it, and joint sitting applies.