Indian Polity · Polity

With reference to legislative and executive processes in India, consider the following statements: I. Delegated legislation enables the executive to frame detailed rules and regulations within the limits prescribed by a parent Act enacted by Parliament. II. An Ordinance promulgated by the President under Article 123 has the same force and effect as an Act of Parliament but ceases to operate if not approved within a specified period. III. A Money Bill can be introduced in either House of Parliament but requires prior recommendation of the President. IV. Judicial review empowers the higher judiciary to examine the constitutional validity of both primary legislation and delegated legislation. V. Delegated legislation cannot be subjected to judicial scrutiny once it has been laid before Parliament. Which of the statements given above are NOT correct?