Examveda
Examveda

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

Answer: Option A

Solution(By Examveda Team)

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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