A

Admin • 833K Points
Coach

Q. Under which Article of the constitution, the President of India can declare the financial emergency-

  • (A) Article 360
  • (B) Article 356
  • (C) Article 364
  • (D) Article 352
  • Correct Answer - Option(A)
  • Views: 19
  • Filed under category Politics
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Explanation by: Admin

President of India can impose Financial Emergency by applying Article-360 if he or she is satisfied that there is an economic situation in which financial stability or credit of India or any part of it, is threatened. A proclamation under this article must be approved by Parliament with in two months with simple majority. Once approved, it will remain in force till the President revokes it.

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