Consider the following statements regarding Financial Emergency 1 During financial em...........

Indian Polity Emergency

Consider the following statements regarding Financial Emergency:

1. During financial emergency all money bills can be reserved for the consideration of the President.

2. During financial emergency the governor can reserve certain types of bills passed by the state legislature for the consideration of the President.

3. During financial emergency the Centre can direct the states to observe canons of financial propriety.

Which of the above statements is/are correct?

1 and 3 only

1 and 2 only

1 only

All of the above

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Explanation:

All the statements are correct.
While the proclamation of financial emergency (under Article 360) is in operation, the Centre can give directions to the states:
(i) To observe the specified canons of financial propriety;
(ii) to reduce the salaries and allowances of all class of persons serving in the state (including the high court judges); and
(iii) To reserve all money bills and other financial bills for the consideration of the President.
2nd statement is incorrect. Governor can reserve some bills passed by the state legislature for the President's consideration but not during financial emergency.