Explanation:

• Statement 1 is correct: President’s Rule is imposed under Article 356.

• Statement 2 is incorrect: President’s Rule cannot be extended indefinitely. Beyond one year, it can only be extended if a National Emergency is in force or the Election Commission certifies elections cannot be held.

• Statement 3 is correct: The Governor assumes executive authority, and the State Legislature is suspended/dissolved.

• Statement 4 is incorrect: The Supreme Court has the power to review President’s Rule (S.R. Bommai vs. Union of India, 1994).

What is President’s Rule?

• President’s Rule refers to the suspension of a state governmentand the imposition of direct central administration when a state government fails to function as per the Constitution.

• It is invoked under Article 356of the Indian Constitution when the President is satisfied that governance in a state cannot be carried out per constitutional provisions.

Constitutional Provisions

• Article 356: Grants the President the power to impose President’s Rule in case of failure of constitutional machinery in a state.

• Article 365: If a state government fails to comply with the Centre’s directives, the President can assume that the state government cannot function per the Constitution.

Hence option 2nd is correct.