After declaration of the financial emergency:
1. Salary and emoluments of supreme court judges can be reduced
2. Money bills of the state legislatures can be passed only by parliament of India
3. the declaration must be approved by parliament
Which among the above is / are correct statements?

Answer: [C] Only 1 & 3

The second statement is incorrect. All money bills passed by the State legislatures are submitted to the President for his approval.

This question is a part of GKToday's Integrated IAS General Studies Module