The correct answer is: A. Article-360
Article 360 of the Indian Constitution provides for the proclamation of a financial emergency by the President of India. A financial emergency can be declared if the President is satisfied that a grave financial emergency exists whereby the financial stability or credit of India is threatened.
When a financial emergency is declared, the President can take certain special powers, such as:
- Taking control of the Reserve Bank of India
- Imposing restrictions on the transfer of money out of India
- Imposing restrictions on the borrowing of money by the government
- Imposing restrictions on the expenditure of the government
A financial emergency can be revoked by the President at any time.
Article 361 of the Indian Constitution provides for the protection of the President, Vice-President, Governors, and certain other high officials from legal proceedings. Article 370 of the Indian Constitution provides for a special status to the state of Jammu and Kashmir. Article 371 of the Indian Constitution provides for special provisions for certain other states, such as Assam, Nagaland, and Manipur.