Q. The Financial emergency is declared by the President on which ground?

A
War
B
Threat of war
C
Breakdown of constitutional machinery
D
Credit/ Goodwill is under threat
Solution:

Financial Emergency Under Article 360. If the President is satisfied that there is an economic situation in which the financial stability or credit of India is threatened, he or she can declare financial emergency. Such an emergency must be approved by the Parliament within two months. It has never been declared.

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