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    Question

    The duration of proclamation of Financial Emergency

    is
    A at the first instance two months Correct Answer Incorrect Answer
    B at the first instance four months Correct Answer Incorrect Answer
    C at the first instance six months Correct Answer Incorrect Answer
    D at the first instance only one month Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Financial Emergency under Article 360, if the President is satisfied that there is an economic situation in which the financial stability or credit of India is threatened, he or she can declare financial emergency. Such an emergency must be approved by the Parliament within two months.

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