With reference to the Financial Emergency, consider the following statements.
1. The 38th Amendment Act of 1975 made the satisfaction of the president in declaring a Financial Emergency is final.
2. A proclamation declaring a financial emergency must be approved by both the Houses of Parliament within one month from the date of its issue.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2