An ldquo office of profit rdquo which disqualifies a person from being a member of the Union or Stat...........

Indian Polity State Legislature

An “office of profit” which disqualifies a person from being a member of the Union or State legislature includes office held under

1) The Government of India.

2) A state government.

3) A private company.

4) A local authority

Code

3 only

1 and 2 only

1,2,3,4

1, 2 and 4

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Explanation:

A private company is not defined under office of profit.
According to Articles 102(1)(a) and 191(1)(a) of the Constitution, an MP or MLA is barred from holding an office of profit as it can put them in a position to gain a financial benefit. "A person shall be disqualified for being chosen as, and for being, a member of either House of Parliament, if he holds any office of profit under the Government of India or the Government of any State, other than an office declared by Parliament by law not to disqualify its holder," says the law.

http://www.thehindu.com/news/national/the-hindu-explains-office-of-profit/article22480152.ece
http://indianexpress.com/article/explained/office-of-profit-what-the-why-5032038/