Discussion :: Indian Politics
- Under which Article of the constitution, the President of India can declare the financial emergency-
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Answer : Option A
Explanation :
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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