Identify the INCORRECT statements about the Presidential Elections in India

I. Nominated members of the Rajya Sabha do not participate in the election of the President, but participate in the impeachment process.

II. Elected members of the State Legislative Councils also vote in the Election of the President, if the state has a bicameral legislature.

III. According to Article 55(3) of the Indian Constitution, the Presidential Election is conducted by the secret ballot.

IV. The value of each MLA's vote is the same across all states to ensure the principle of "One member, One vote".