3
Question
On the basis of financial crisis, Emergency has been declared by the President of India ________________.
On the basis of financial crisis, Emergency has been declared by the President of India ________________.
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Solution
The correct option is A not even once
Under Article 360 of the Indian Constitution President can impose a financial emergency if he is satisfied that a situation has arisen due to which financial stability or credit of India or any part of it is in danger. The proclamation must be approved by both the houses of Parliament within two months of its issue. So far financial emergency has not been imposed in India yet.
Under Article 360 of the Indian Constitution President can impose a financial emergency if he is satisfied that a situation has arisen due to which financial stability or credit of India or any part of it is in danger. The proclamation must be approved by both the houses of Parliament within two months of its issue. So far financial emergency has not been imposed in India yet.
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