With reference to the Indian Parliament consider the following statement following statement All leg...........

Indian Polity (Easy) Union - Executive, Legisture

With reference to the Indian Parliament, consider the following statement following statement

All legislation requires the consent of both Houses of Parliament.
All financial legislation must be recommended by the President.
Both the Houses of Parliament have the power to vote the demands for grants presented by the government.

Which of these statements is/are incorrect?

1 only

2 and 3

1 and 2

1, 2 and 3

In the case of money bills, the will of the Lok Sabha prevails. Delegated legislation is also subject to review and control by Parliament.
A Financial Bill may only be introduced in Lok Sabha, on the recommendation of the President. The Bill must be passed by both Houses of Parliament, after the President has recommended that it be taken up for consideration in each House.
Demand for Grants is the form in which estimates of expenditure from the Consolidated Fund, included in the annual financial statement and required to be voted upon in the Lok Sabha, are submitted in pursuance of Article 113 of the Constitution.
The demand for grants includes provisions with respect to revenue expenditure, capital expenditure, grants to State and Union Territory governments together with loans and advances. Generally, one demand for grant is presented in respect of each ministry or department. However, for large ministries and departments, more than one demand is presented. Hence statement 3rd is incorrect.
Constitution Amendment Bills do not require prior sanction of the President, while other bills need President’s recommendations.