Explanation:

- Statement 1: Money bill of a state cannot be reserved for the consideration of the president.

- This is incorrect. The governor may reserve any bill, including a money bill, for the president's consideration.

- Statement 2: In certain cases, governor needs sanction of president for promulgating an ordinance.

- This is correct. In some cases where the ordinance involves matters of national importance or conflict with the central law, the governor requires the president’s sanction.

- Statement 3: President can proclaim President's rule only on the report of the governor.

- This is incorrect. While the report is typically considered, the president can also act on other information available.

- Correct Answer: Option 1, 2 Only

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