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Which of the following is correct regarding the Lok Sabha speaker?
1) He/She hold the office during the pleasure of the President.
2) He/She declares any financial bill as money bill and his/her declaration is final.
3) If he/she intends to resign, the letter of resignation must be addressed to the President.
4) He/She must be the most senior member of the Lok Sabha.
The Correct answer is He/She declares any financial bill as money bill and his/her declaration is final.