As per article 123, the ordinance making power is the most important legislative power of ____________.

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Step-by-step explanation:

1. Article $123$ of the Constitution of India empowers the President to promulgate ordinances when both Houses of Parliament are not in session and immediate action is necessary.
2. An ordinance promulgated by the President has the same force and effect as an Act of Parliament, subject to later approval by Parliament within the prescribed period.
3. This ordinance-making power is therefore the most important legislative power vested in the President (it allows law-making in emergency/intervals when Parliament cannot act).
4. The other options are incorrect: Rajya Sabha and Legislative Council are legislative bodies but do not have "ordinance-making" power under Article $123$, and the Chief Justice of India has no legislative power.

FINAL_ANSWER: a

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