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The correct answer is option 4: Assent to Bills. The discretionary powers of a Governor are limited when it comes to the assent of bills. Under the Constitution of India, the Governor acts as the representative of the President and has the power to either give his assent to a bill passed by the Legislative Assembly or to withhold it. However, the Governor cannot exercise this power arbitrarily. The Governor is obligated to act on the advice of the Council of Ministers led by the Chief Minister. In other words, the Governor`s discretionary power in granting or withholding assent to bills is constrained by the advice of the Council of Ministers. This limitation ensures that the Governor does not misuse his power and respects the principle of parliamentary democracy.