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Correct Option is Only 2

Absolute Veto It refers to the power of the President to withhold his assent to a bill passed by the Parliament. The bill then ends and does not become an act. Suspensive Veto The President exercises this veto when he returns a bill for reconsideration of the Parliament. However, if the bill is passed again by the Parliament with or without amendments and again presented to the President, it is obligatory for the President to give his assent to the bill. This means that the presidential veto is overridden by a re-passage of the bill by the same ordinary majority (and not a higher majority as required in the USA). Pocket Veto The President neither ratifies nor rejects nor returns the bill, but simply keeps the bill pending for an indefinite period. This power of the President not to take any action (either positive or negative) on the bill is known as the pocket veto. The President can exercise this veto power as the Constitution does not prescribe any time-limit within which he has to take the decision with respect to a bill presented to him for his assent. Qualified veto which can be overridden by the legislature with a higher majority the President of India is vested with three absolute vetoes, suspensive veto and pocket veto. There is no qualified veto in the case of Indian President as it is possessed by the American President. Hence only statement 2 is incorrect.

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