WBCS.LIVE practice question

Under which Article, the President can declare a Financial Emergency?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Article 352
  2. Article 356
  3. Article 360
  4. Article 365

Correct answer and explanation

Correct answer: Article 360

Explanation: āœ… Correct Answer: C) Article 360 šŸ“š Explanation: Article 360 of the Indian Constitution grants the President the extraordinary power to officially proclaim a Financial Emergency. This can be declared if the President is satisfied that a situation has arisen whereby the financial stability or credit of India is severely threatened. Notably, a Financial Emergency has never been declared in India so far.