Which one of the following financial powers of the President of India has been wrongly listed ........

Indian Polity (Easy) Union - Executive, Legisture

Which one of the following financial powers of the President of India has been wrongly listed:

No money bill can be introduced in the Parliament without the recommendations of the President

The Contingency Fund of India has been placed at the disposal of the President and he can make advances out of it to meet unforeseen expenditure

Every five year, the President appoints a Finance Commission for division of taxes between the Union and the States

During emergency the President can raise extra funds without consent of the Parliament

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Explanation:

Under Article 267(1): Parliament may by law establish a Contingency Fund in the nature of an imprest to be entitled the Contingency Fund of India into which shall be paid from time to time such sums as may be determined by such law, and the said Fund shall be placed at the disposal of the President to enable advances to be made by him out of such Fund for the purposes of meeting unforeseen expenditure pending authorisation of such expenditure by Parliament by law under Article 115 or Article 116. Hence option 4th is correct.