Which of the following statements is incorrect ........

Indian Polity States

Which of the following statements is incorrect?

Jammu and Kashmir is a state of the Indian Union under Article 1 of Indian Constitution.

In the 'Treaty of accession' Jammu and Kashmir handed over only 3 subjects (Defense, Foreign Affairs and Communications) to the Government of India.

The President of India has the right to declare financial emergency in connection with Jammu and Kashmir.

State of Jammu & Kashmir has its own constitution

The President of India does not have the right to declare a financial emergency in the Jammu and Kashmir.

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