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Financial Emergency can be continued for

A2 months

B6 months

Cone year

Dindefinite

Answer:

D. indefinite

Read Explanation:

Financial Emergency

  • Grounds of declaration: Article 360 empowers the president to proclaim a Financial Emergency if he is satisfied that a situation has arisen due to which the financial stability or credit of India or any part of its territory is threatened.

  • Parliamentary approval and duration: A proclamation declaring financial emergency must be approved by both the Houses of Parliament within two months from the date of its issue.

  • If the proclamation of Financial Emergency is issued at a time when the Lok Sabha has been dissolved or the dissolution of the Lok Sabha takes place during the period of two months without approving the proclamation, then the proclamation survives until 30 days from the first sitting of the Lok Sabha after its reconstitution, provided the Rajya Sabha has in the meantime approved it.

  • Once approved by both the houses of Parliament, the Financial Emergency continues indefinitely till it is revoked

Related Questions:

The President's rule in a state under Article 356 of the Constitution of India can be extended upto a maximum period of

Which of the following statements is true in relation to the declaration of a national emergency under Article 352 of the Constitution of India? Select the correct answer using the codes given below:

  1. It can be imposed when there is a grave threat to the security of India or any of its territory due to war, externa aggression or armed rebellion.
  2. It will cease to operate after one month from the date of its issue unless it is approved in the meantime by the parliament.
  3. For further continuance of emergency after six months, the resolution has to be passed by either house of parliament by a majority of not less than two-third members.
  4. For further continuance of emergency after six months, the resolution has to be passed by either house of parliament by a simple majority.
    Which constitutional amendment restored the power of judicial review of fundamental rights curtailed during the Emergency?
    പ്രസിഡൻറിന് പ്രഖ്യാപിക്കാൻ കഴിയുന്ന സാമ്പത്തിക അടിയന്തരാവസ്ഥ ഭരണഘടനയുടെ എത്രാമത്തെ അനുഛേദത്തിലാണ് ഉൾപ്പെടുത്തിയിരിക്കുന്നത് ?
    കേരളത്തിൽ രാഷ്ട്രപതി ഭരണം എത്ര തവണ ഏർപ്പെടുത്തിയിട്ടുണ്ട് ?