Financial Emergency Powers: President's Article
The President of India is empowered to declare a Financial Emergency under a specific provision of the Constitution.
This authority is derived from $\text{Article } 360$.
According to $\text{Article } 360$, a Financial Emergency can be proclaimed if the President is satisfied that a situation has arisen where the financial stability or credit of India, or any part of the territory thereof, is threatened.
Therefore, the Article granting the President the power to declare a Financial Emergency is $\text{Article } 360$.
Similar Questions
- The Uniform Civil Code primarily seeks to replace which types of laws currently governing personal matters in India?
- Fill in the blanks:
The ______ List in Schedule VII deals solely with matters of national importance like defence and foreign affairs. - Which of the following statements regarding State Funds under the Indian Constitution is/are correct?
1) The Consolidated Fund of the State is defined under Article 266.
2) The Contingency Fund of the State is operated by the Governor in accordance with rules made by the State Legislature. - The Uniform Civil Code (UCC) primarily aims to:
Match List-I (Schedules) with List-II (Provisions/Functionaries) and select the correct answer using the codes given below:
A. Second Schedule 1. Forms of Oaths for Union Ministers and Judges of SC/HC B. Third Schedule 2. Emoluments and Privileges of the President and Governors C. Fourth Schedule 3. Allocation of seats in the Council of States (Rajya Sabha) D. Seventh Schedule 4. Division of legislative powers between the Union and State governments
Important Questions from Basics of Constitution
Who among the following introduced the ‘Objective Resolution’ in the Constituent Assembly on 13 th December, 1946?
- Which one of the following is correct in respect of total number of States and Union Territories in India?
- Who among the following American Presidents described democracy as "Government of the People, for the People and by the People"?
- The real beginning of western education in India can be dated from
Which one of the following is included in Article 51A (Part-IV A) of the Constitution of India?
