Which of the following statements are correct regarding the consequences of Financial Emergency 1 Ce...........

Indian Polity Emergency

Which of the following statements are correct regarding the consequences of Financial Emergency?

1. Central Government may ask states to reserve all money and financial bill for consideration of the president once they are passed by the state legislature.

2. Salaries and allowance of all or any class of persons serving in the Union may be reduced.

3. Salaries of judges of Supreme Court and High Court can be reduced.

Select the code from following:

1&2 only

2&3 only

1&3 only

All the above

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Explanation:

Effects of Financial Emergency
The consequences of the proclamation of a Financial Emergency are as follows:
1. The executive authority of the Centre extends (a) to directing any state to observe such canons of financial propriety as are specified by it; and (b) to directions as the President may deem necessary and adequate for the purpose.
2. Any such direction may include a provision requiring (a) the reduction of salaries and allowances of all or any class of persons serving in the state; and (b) the reservation of all money bills or other financial bills for the consideration of the President after they are passed by the legislature of the state.
3. The President may issue directions for the reduction of salaries and allowances of (a) all or any class of persons serving the Union; and (b) the judges of the Supreme Court and the high court.