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

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AArticle 358

BArticle 359

CArticle 360

DArticle 363

Answer:

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

Related Questions:

Who declared the second national emergency in India?

Consider the following statements about the judicial review of emergency provisions.

The 38th Amendment Act of 1975 made the declaration of a National Emergency immune from judicial review.
The Minerva Mills case (1980) held that a National Emergency proclamation can be challenged on grounds of malafide or irrelevance.
The satisfaction of the President in imposing President’s Rule under Article 356 is beyond judicial review after the 44th Amendment Act of 1978.

Which of the statements given above is/are correct?