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Which Article of the Indian Constitution empowers the President of India to declare financial emergency?

AArticle 358

BArticle 359

CArticle 360

DArticle 363

Answer:

C. Article 360

Read Explanation:

Article 360 of the Indian Constitution empowers the President to invoke financial emergency.


Related Questions:

While the proclamation of emergency is in Operation the state government:
Article 360 of Indian Constitution stands for
Enforcement of which among the following fundamental rights cannot be suspended during proclamation of emergency?
Which provision of the Constitution of India empowers the Parliament to legislate with respect to any matter in the State list if a proclamation of emergency is in operation?

Consider the following statements relating to the economic emergency as per Article 360 of the Indian Constitution.

1. The Constitution prescribes a maximum of three years for withdrawal of the economic emergency.

2. No parliamentary approval is required for revocation of the proclamation.

3. Economic emergency has not been declared in India till date.

Which of the above is/are incorrect?