Current Affairs

GK MCQs Section
Q. Article 360 of Indian Constitution, empowers whom to proclaim a Financial Emergency?
Answer: The President of India
Notes: Article 360 empowers the president to proclaim a Financial Emergency if he is satisfied that a situation has arisen due to which the financial stability or credit of India or any part of its territory is threatened. No Financial Emergency has been declared so far, though there was a financial crisis in 1991.

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