Question

Which of the following types of emergencies is declared under Article 360 of the Indian Constitution?

• A. state emergency
• B. financial emergency
• C. national emergency
• D. constitutional emergency

Answer 1

Answer:

B. financial emergency

• Article 360 empowers the President of India to proclaim a Financial Emergency. • This proclamation can be made if the President is satisfied that a situation has arisen whereby the financial stability or credit of India or of any part of the territory thereof is threatened.