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Q: Which among the following Articles of the Indian Constitution deals with Financial Emergency?
  • A. Article 260
  • B. Article 160
  • C. Article 360
  • D. Article 460
Correct Answer: Option C - Article 360 (Financial Emergency): If the President is satisfied that a situation has arisen whereby the financial stability or credit of India or of any part of the territory thereof is threatened, he may by a proclamation make a declaration to that effect.
C. Article 360 (Financial Emergency): If the President is satisfied that a situation has arisen whereby the financial stability or credit of India or of any part of the territory thereof is threatened, he may by a proclamation make a declaration to that effect.

Explanations:

Article 360 (Financial Emergency): If the President is satisfied that a situation has arisen whereby the financial stability or credit of India or of any part of the territory thereof is threatened, he may by a proclamation make a declaration to that effect.