Question

With reference to the Financial Emergency, consider the following statements:
1.The salary of the President can be reduced.
2. It can continue for 6 months without the approval of the Parliament
3. State budget cannot be passed by the state legislature but only by the parliament.
Which of the statements given above is/are correct?

• A. 1 and 2 only
• B. 2 and 3 only
• C. 1 and 3 only
• D. 1 only

Answer 1

The correct option is D 1 only

Financial emergency, after imposition, can continue for two months, within which it should be approved by both the houses of the Parliament. Once approved, the Financial emergency can continue indefinitely. During Financial emergency, all the money bills and budget of the states must be reserved for the consideration of the President. Salaries of important personalities (President, VP, CAG etc) can be reduced.