Consider the following statements regarding Article 356 of the Constitution:

(i) Failure of Constitutional Machinery in States is an objective reality.

(ii) A Proclamation under this Article can be reviewed by Supreme Court.

(iii) Along with this Proclamation, State Legislative Assembly can be dissolved.

(iv) This Proclamation has to be approved by each House of Parliament within two months.

Which of the statement/s given above is/are correct?

R.A.S./R.T.S.(Pre) 2013