Q. In India, how many times has the President declared Financial Emergency ?
Answer: Never
Notes: No Financial Emergency has been declared so far, though there was a financial crisis in 1991. 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.

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 73 in Emergency Provisions in above course in App.