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Who can declare a financial emergency in the country?

AFinance Minister of India

BPresident of India

CLok Sabha Speaker

DChief Justice of Supreme Court

Answer:

B. President of India


Related Questions:

Consider the following statements:

  1. The proclamation for both President's Rule (Article 356) and Financial Emergency (Article 360) requires parliamentary approval within two months.

  2. The resolution for approving both types of emergencies must be passed by a simple majority in Parliament.

  3. 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?

Proclamation of Financial Emergency has to be approved by Parliament within
ഏത് രാജ്യത്തിൽ നിന്നാണ് അടിയന്തിരാവസ്ഥക്കാലത്തു മൗലികാവകാശങ്ങൾ റദ്ദ് ചെയ്യുന്നത് എന്ന ആശയം കടമെടുത്തിരിക്കുന്നത് ?
When was the word "armed rebellion" added to the Constitution to declare a National Emergency?
അടിയന്തരാവസ്ഥ കാലത്ത് റദ്ദ് ചെയ്യാന്‍ പാടില്ലാത്ത ആര്‍ട്ടിക്കിള്‍ ഏതെല്ലാം ?