• Statement 1 is correct: • The Governor shall be entitled without payment of rent to the use of his official residences and shall be also entitled to such emoluments, allowances and privileges as may be determined by the law of parliament. • When the same person is appointed as Governor of two or more States, the emoluments and allowances payable to the Governor shall be allocated among the States in such proportion as determined by the president. • Statement 2 is incorrect: Under Article 156 it is given that the governor is appointed by the President of India for a term of five years and holds office at the President's pleasure. • Statement 3 is incorrect: The President has the power to remove a Governor at any time without giving him or her any reason and without granting an opportunity to be heard. The governor holds office as long as the President desires and there is no clear ground of his removal mentioned in the Constitution.
Consider the following statements about ‘Financial Stability Report (FSR) 2022’:
I. This report was rele...
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