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Question : In India how many times has the President declared a Financial Emergency?

Option 1: Once

Option 2: Never 

Option 3: Thrice

Option 4: Twice


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Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Never 


Solution : The correct answer is Never.

A financial emergency has never been declared in India. A financial emergency may be declared by the President by Article 360 if the President believes that all or a portion of India's financial stability or credit is in jeopardy. Within two months, both Houses of Parliament must approve it after it has been approved by the Parliament.

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