According to the Constitution of India, which one of the following statements is not correct?
1
The executive powers of the Union shall be vested in the President of India.
2
Parliament, by law, can confer functions on authorities other than the President of India.
3
The President of India is elected by an electoral college consisting of all Members of Parliament and all Members of all State Legislatures.
4
A person, having held office as the President, shall be eligible for election to that office for the second term.