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Q: Article ___ empowers the President to declare Financial emergency.
  • A. 360
  • B. 368
  • C. 365
  • D. 356
Correct Answer: Option A - Article 360 of the Constitution mentions about Financial Emergency. It mentions that if financial stability or credit situation is threatened a financial emergency can be imposed. The power to impose this emergency vests with the President, if such action is advised by the council of ministers.
A. Article 360 of the Constitution mentions about Financial Emergency. It mentions that if financial stability or credit situation is threatened a financial emergency can be imposed. The power to impose this emergency vests with the President, if such action is advised by the council of ministers.

Explanations:

Article 360 of the Constitution mentions about Financial Emergency. It mentions that if financial stability or credit situation is threatened a financial emergency can be imposed. The power to impose this emergency vests with the President, if such action is advised by the council of ministers.