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The correct answer is option 3, which states that statements 2 and 3 are correct.
Let`s dissect each statement to understand why.
Statement 1: A Money Bill can be introduced in the Rajya Sabha. This statement is incorrect. According to the Constitution of India, a Money Bill can only be introduced in the Lok Sabha, not the Rajya Sabha. The Rajya Sabha can only review and suggest amendments to a Money Bill.
Statement 2: If the President resigns or dies, a new President must be elected within six months. This statement is correct. According to the Article 62 of the Constitution of India, in case of a vacancy in the office of the President, a new President must be elected within six months of the occurrence of such vacancy.
Statement 3: The President causes the budget to be laid before the Lok Sabha. This statement is correct. According to the Article 112 of the Constitution of India, it is the President`s duty to cause the budget to be laid before the Lok Sabha.
Therefore, the correct answer is option 3, as both statements 2 and 3 are correct.