With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements: 1. When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill. 2. When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make recommendations. 3. In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill. How many of the above statements are correct?

1. Statement 1: When the Lok Sabha transmits a Finance Bill (specifically referring to Finance Bills under Article 117(1) and 117(3), which are different from Money Bills) to the Rajya Sabha, the Rajya Sabha has the power to amend or reject the Bill, similar to ordinary legislation (though amendments related to taxation/expenditure in Finance Bill Type I require President's recommendation). This statement is correct. 2. Statement 2: According to Article 109 of the Constitution, when the Lok Sabha transmits a Money Bill to the Rajya Sabha, the Rajya Sabha cannot amend or reject it. It can only make recommendations and must return the Bill within 14 days. The Lok Sabha can choose to accept or reject these recommendations. This statement is correct. 3. Statement 3: Article 108 of the Constitution provides for a joint sitting to resolve disagreement between the two Houses on a Bill. However, Article 108(1) explicitly states that this provision does not apply to Money Bills. A joint sitting *can* be held for a Finance Bill (Types I and II) in case of disagreement, but it is not automatically 'necessary'; it is a mechanism to resolve deadlock if it occurs. Therefore, this statement is incorrect. 4. Since statements 1 and 2 are correct, the answer is (B) Only two.