Correct Answer: He has veto power by which he can withhold or refuse to give assent to Bills including Money Bills passed by the Parliament

Solution : The correct option is He has veto power by which he can withhold or refuse to give assent to Bills including Money Bills passed by the Parliament.

The President of India can either give their assent to a bill, withhold their assent, or return the bill (if it is not a money bill) with a request for reconsideration by the Parliament. However, the president's refusal to give assent does not constitute a veto in the traditional sense, as it is subject to parliamentary procedures for reconsideration.