Multiple choice general knowledge history

Who declares the financial emergency act in India

  1. (A) President

  2. (B) Prime Minister

  3. (C) Finance Minister

  4. (D) None of the above
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A Correct answer
Explanation

According to Article 360 of the Indian Constitution, the President of India has the authority to declare a Financial Emergency. This emergency can be declared if the President is satisfied that a situation has arisen whereby the financial stability or credit of India is threatened. The Prime Minister and Finance Minister do not have this constitutional power.

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