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Correct Option is 2 and 3

The Emergency provisions are contained in Part XVIII of the Constitution, from Articles 352 to 360. Emergency due to war, external aggression, or armed rebellion (Article 352). This is known as ‘National Emergency’. However, the Constitution employs the proclamation of emergency to denote an emergency of this type. 2.An Emergency due to the failure of the constitutional machinery in the states (Article 356). This is popularly known as President’s Rule. It is also known by two other names State Emergency or constitutional Emergency. However, the Constitution does not use the word emergency for this situation. 3.Financial Emergency due to a threat to the financial stability or credit of India (Article 360). Hence statements 2 and 3 are incorrect.

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