Which one of the following is not correct ........

Indian Polity (Easy) Union - Executive, Legisture

Which one of the following is not correct:

During financial emergency the Union Government can direct the States to observe such canons of financial propriety and other safeguards, as it deems necessary

During financial emergency the salaries and allowances of States civil servants, including the High Court judges can be reduced.

During the financial emergency the state legislatures are not permitted to pass the money bills

During financial emergency the States are expected to reserve all the money bills passed by the State Legislatures for the consideration of the President.

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Explanation:

Effects of Financial Emergency under Article 360

During the financial emergency, the executive authority of the Center expands and it can give financial orders to any state according to its own.
All money bills or other financial bills, that come up for the President's consideration after being passed by the state legislature, can be reserved. Therefore the option 3rd is incorrect
The President may issue directions for the reduction of salaries and allowances of; All or any class of persons serving the Union and The judges of the Supreme Court and the High Court.