Which of the following statement is true regarding bills of parliament? Bills introduced in the Parliament are of two kinds: public bills and private bills (also known as government bills and private members’ bills respectively). The bills introduced in the Parliament can also be classified into four categories: Formal bills, Currency bills, Financial bills and Constitution amendment bills Financial bills, are concerned with financial matters like taxation ,public expenditure etc. Constitution amendment bills, which are concerned with the amendment of the provisions of the Constitution. Correct Answer 1 and 4 The correct answer is option 1 i.e 1 and 4 LEGISLATIVE PROCEDURE IN PARLIAMENT The legislative procedure is identical in both the Houses of Parliament. Every bill has to pass through the same stages in each House. A bill is a proposal for legislation and it becomes an act or law when it is duly enacted. Bills introduced in the Parliament are of two kinds: Public bills (also known as Government bills Private bills (also known as Private members’ bills ). Though both are governed by the same general procedure and pass through the same stages in the House, they differ in various respects The bills introduced in the Parliament can also be classified into four categories: Ordinary bills are those which are concerned with any matter other than financial subjects. Money bills are those bills that are concerned with financial matters like taxation, public expenditure, etc. Financial bills are those bills that are also concerned with financial matters (but are different from money bills). Constitution amendment bills are those which are concerned with the amendment of the provisions of the Constitution. The Constitution has laid down separate procedures for the enactment of all the 4 types of bills.