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Consider the following statements.
1) The President causes to be laid before the Parliament the annual financial statement.
2) The President can make advances out of the contingency fund of India to meet any unforeseen expenditure.
3) The President can grant a Vote of Credit to the executive to meet unplanned expenditure in schemes approved by the Parliament.
Select the Solution using the codes below.
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Statement 3: This is given by the parliament when the executive requires money for a cause that cannot immediately be clearly stated to the parliament.
Some other financial powers and functions of the President are:
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