WBCS.LIVE practice question

Which Article of the Indian Constitution provides for the proclamation of 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 370

Correct answer and explanation

Correct answer: Article 360

Explanation: āœ… Correct Answer: C) Article 360 šŸ“š Explanation: Article 360 empowers the President of India to declare a Financial Emergency if he is satisfied that the financial stability or credit of India is threatened. During such an emergency, the Union can give directions to any State to observe specific canons of financial propriety. Notably, a Financial Emergency has never been declared in India since the Constitution came into force.