Which article of the Constitution of India contains provisions for declaring a state of economic emergency in the country?

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A360

B280

C110

D112

Answer:

article360 of the Constitution of India contains provisions for declaring a state of economic emergency in the country.

Related Questions:

Consider the following statements:

The proclamation for both President's Rule (Article 356) and Financial Emergency (Article 360) requires parliamentary approval within two months.
The resolution for approving both types of emergencies must be passed by a simple majority in Parliament.
The President's Rule is also known as 'Constitutional Emergency', while a Financial Emergency is known as 'State Emergency'.

Which of the statements given above is/are correct?

Consider the following statements with reference to the Financial Emergency under Article 360:

Unlike President's Rule, once a proclamation of Financial Emergency is approved by Parliament, it continues indefinitely without the need for repeated parliamentary approval.
During a Financial Emergency, the President can direct the reduction of salaries and allowances of all persons serving the Union, including the judges of the Supreme Court and High Courts.
India has declared a Financial Emergency on three separate occasions, primarily linked to global economic downturns.

Which of the statements given above is/are correct?

Examine the following statements about Financial Emergency under Article 360.

a. A Financial Emergency has been declared in India at least once since the Constitution came into force.

b. The President can issue directions to reserve all money bills passed by state legislatures for his consideration during a Financial Emergency.