Who can declare a financial emergency in the country?
AFinance Minister of India
BPresident of India
CLok Sabha Speaker
DChief Justice of Supreme Court
AFinance Minister of India
BPresident of India
CLok Sabha Speaker
DChief Justice of Supreme Court
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?