Which of the following statements are true? 1. The Rajya Sabha may amend money bills. 2. Money bill must be returned to the Lok Sabha within 14 days or the bill is deemed to have passed by the both houses in the form it was originally passed by the Lok Sabha. 3. Money bill cannot be returned by the President to the Parliament for its reconsideration, he has to give his assent to the bill or can withhold his assent.

Political institutions are the organizations in a government that create, enforce, and apply laws. They often mediate conflict, make (governmental) policy on the economy and social systems, and otherwise provide representation for the population.