Option 1 is NOT correct.Code of Ethics refers to a set of guidelines to bring about acceptable behaviors in members of a particular group, association or profession.The salient values envisaged in the code of ethics are:Allegiance to the various ideals enshrined in the preamble to the ConstitutionApolitical functioningGood governance for betterment of the people to be the primary goal of civil serviceDuty to act objectively and impartiallyAccountability and transparency in decision-makingMaintenance of highest ethical standardsMerit to be the criteria in selection of civil servants consistent, however, with the cultural, ethnic and other diversities of the nationProvision of healthy and congenial work environmentCommunication, consultation and cooperation in performance of functions i.e. participation of all levels of personnel in management.Ensuring economy and propogation of wastage in expenditure doesn't form a part of the Code of Ethics.