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Correct Option is Only 2

Article 356 (President’s Rule) During its operation, the state executive is dismissed and the state legislature is either suspended or dissolved. The president administers the state through the governor and the Parliament makes laws for the state. In brief, the executive and legislative powers of the state are assumed by the Centre. The President cannot assume to himself the powers vested in the concerned state high court or suspend the provisions of the Constitution relating to it. For the first time, the President’s Rule was imposed in Punjab in 1951. Hence statement 1 is incorrect and statement 2 is correct.

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