Under which article, President of India can proclaim constitutional emergency? A. Article 32 B. Article 349 C. Article 356 D. Article 360

The correct answer is: Article 360.

Article 360 of the Constitution of India deals with the Proclamation of Financial Emergency. It states that if the President is satisfied that a grave financial emergency exists whereby the financial stability or credit of India is threatened, he may by Proclamation declare that a financial emergency exists.

The Proclamation of Financial Emergency has far-reaching consequences. It empowers the President to:

• Take such measures as he deems necessary or expedient for the purpose of dealing with the financial emergency.
• Suspend the operation of any provision of any law relating to the financial matters of the Union or of any State.
• Give directions to any State to observe such canons of financial propriety as he may deem necessary.

The Proclamation of Financial Emergency can be revoked by the President at

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