During a Financial Emergency in India, all money bills passed by the state legislature are to be reserved for the consideration of the President. A Financial Emergency can be declared by the President when he is satisfied that the financial stability or credit of India or any part of its territory is threatened. During this emergency, the President can issue directions to the states on matters related to finance. Money bills are bills that deal with revenue or expenditure of the government. When such bills are passed by the state legislature, they are reserved for the President`s consideration. The President has the power to give his assent, withhold his assent, or return the bill for reconsideration. This provision is aimed at centralizing the decision-making power during a Financial Emergency. Alert - correct answer should be 3 (Parliament).