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1 mark

Who has the authority to declare a financial emergency in India?

  1. A
    The Finance Minister
  2. B
    The Prime Minister
  3. C
    The President
  4. D
    The Parliament

Solution & Step-by-step Explanation

Under Article 360 of the Indian Constitution, the President of India has the authority to declare a financial emergency if he is satisfied that a situation has arisen whereby the financial stability or credit of India or any part of its territory is threatened.

Practice this question

Try it yourself before checking the explanation above.

Who has the authority to declare a financial emergency in India?
A
The Finance Minister
B
The Prime Minister
C
The President
D
The Parliament

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Constitution of IndiaEmergency ProvisionsPresident of India

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