Consider the following statements: An amendment of the Constitution of India can be initiated by the 1. I. Lok Sabha. 2. II. Rajya Sabha. 3. III. State Legislatures. 4. IV. President. Which of the above statements is/are correct?

1. The question asks who can initiate an amendment of the Constitution of India. 2. Article 368 of the Constitution deals with the power of Parliament to amend the Constitution and the procedure thereof. 3. Statement I: An amendment can be initiated by the introduction of a Bill for the purpose in the Lok Sabha. This statement is correct. 4. Statement II: An amendment can also be initiated by the introduction of a Bill for the purpose in the Rajya Sabha. This statement is correct. 5. Article 368 explicitly states that the Bill can be introduced in 'either House of Parliament'. 6. Statement III: State Legislatures cannot initiate a Bill for the amendment of the Constitution, although for certain types of amendments (those affecting the federal structure), ratification by the legislatures of at least half of the states is required after the Bill is passed by Parliament. This statement is incorrect. 7. Statement IV: The President's role is to give assent to the Constitution Amendment Bill after it has been duly passed by both Houses of Parliament (and ratified by states where required). The President cannot initiate an amendment. This statement is incorrect. 8. Therefore, an amendment can be initiated only by the Lok Sabha or the Rajya Sabha.