Consider the following statements relating to ordinance making powers of the President under Article 123 of the Constitution of India : (i) Ordinance making power of the President is basically his legislative power (ii)

Consider the following statements relating to ordinance making powers of the President under Article 123 of the Constitution of India : (i) Ordinance making power of the President is basically his legislative power (ii) The ambit of ordinance making power of the President is co-extensive with the legislative powers of Parliament (iii) An ordinance promulgated by the President may have retrospective operation (iv) The ordinance making power is available to the President only when both the Houses of Parliament have been prorogued or otherwise not in session. Select the correct statements from the options given below