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Which Article of the Indian Constitution empowers the President of India to declare financial emergency?

AArticle 358

BArticle 359

CArticle 360

DArticle 363

Answer:

C. Article 360

Read Explanation:

Article 360 of the Indian Constitution empowers the President to invoke financial emergency.


Related Questions:

Regarding the imposition of President's Rule, consider the following:

Assertion (A): The President can impose President's Rule in a state even without a report from the Governor.
Reason (R): The 44th Amendment Act of 1978 affirmed that the satisfaction of the President in invoking Article 356 is not subject to judicial review.

Which of the above are true?

Which article of the Constitution of India deals with the national emergency?
Suspension of Fundamental Rights during Emergency “ of Indian Constitution was taken from which country?
Proclamation of Financial Emergency has to be approved by Parliament within

Consider the following statements about the Parliamentary approval of a National Emergency:

  1. The proclamation must be approved by both Houses of Parliament within one month.

  2. If approved, the emergency continues for one year and can be extended indefinitely with approval every year.

  3. The resolution for approval must be passed by a special majority in both Houses.

Which of the statements given above is/are correct?