The President lays reports such as Finance Commission, CAG, and National Commissions before Parliament. These reports are submitted to the President and then placed before Parliament for discussion. Public Accounts Committee reports are not directly presented by the President. Hence statements 1, 3, and 4 are correct. This ensures legislative oversight.

Impeachment of the President can be initiated in either House of Parliament under Article 61. The process requires special majority in both Houses. It is a quasi-judicial process ensuring accountability of the highest constitutional office. Joint sitting is not involved. Other options are incorrect.

Both the President (Article 72) and Governor (Article 161) have power to grant pardons. The President deals with Union matters and death sentences, while the Governor deals with state laws. This power is part of executive clemency. It ensures justice in exceptional cases. Other options are incomplete.

The President of India is the first citizen of the country and the head of the state under Article 52. He represents the nation in official matters and is the supreme commander of armed forces. Though executive powers are exercised on advice of Council of Ministers, the office holds highest constitutional status.

The President does not preside over Cabinet meetings; the Prime Minister does. The President is elected by proportional representation under Article 54, serves a five-year term, and can be impeached under Article 61. This question tests executive functioning under parliamentary system. Other statements are correct.