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The correct answer is option 2 - 1, 2, 3, and 4.
Let`s dissect each option to understand why:
Option 1 states that a person is disqualified if they hold any office of profit under the Government of India or any State, except for offices declared by the Parliament not to disqualify its holder. This means that holding certain government offices can disqualify a person from being a Member of Parliament. Therefore, option 1 is correct.
Option 2 states that a person is disqualified if they are an undischarged insolvent. An undischarged insolvent is someone who has been legally declared bankrupt and has not received a discharge from their debts. This disqualification is in line with the principles of financial integrity and responsibility. Therefore, option 2 is correct.
Option 3 states that a person is disqualified if they are disqualified under the Tenth Schedule of the Constitution of India. The Tenth Schedule deals with disqualification on the grounds of defection, meaning that a Member of Parliament can be disqualified if they voluntarily give up the membership of their political party. Therefore, option 3 is correct.
Option 4 states that a person is disqualified if they are of unsound mind and have been declared so by a competent