Correct Option
Under Article 356 of the Indian Constitution, if the President is satisfied that a situation has arisen in which the government of a state cannot be carried on in accordance with the provisions of the Constitution, President's Rule can be imposed. During the operation of President's Rule, the powers of the Legislature of that State become exercisable by or under the authority of the Parliament. This implies that Parliament can make laws for the state or delegate this power to the President or any other authority.
Incorrect Options
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Option (a): The Assembly of the State is not automatically dissolved. The President has the discretion to either suspend or dissolve the State Legislative Assembly, depending on the circumstances and the recommendations received.
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Option (c): Article 19, which guarantees certain fundamental freedoms, is suspended only during a National Emergency declared under Article 352, specifically due to war or external aggression. It is not suspended during President's Rule imposed under Article 356.
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Option (d): While legislative powers for the state are exercised, they are vested in the Parliament, not directly in the President. The President acts on the aid and advice of the Council of Ministers, and Parliament is the body that exercises or delegates these legislative powers for the state.