{"id":21174,"date":"2024-04-15T06:02:43","date_gmt":"2024-04-15T06:02:43","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=21174"},"modified":"2024-04-15T06:02:43","modified_gmt":"2024-04-15T06:02:43","slug":"under-which-article-of-the-constitution-the-president-of-india-can-declare-the-financial-emergency-a-article-360-b-article-356-c-article-364-d-article-352","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/under-which-article-of-the-constitution-the-president-of-india-can-declare-the-financial-emergency-a-article-360-b-article-356-c-article-364-d-article-352\/","title":{"rendered":"Under which Article of the constitution, the President of India can declare the financial emergency- A. Article 360 B. Article 356 C. Article 364 D. Article 352"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9e5f14cdb54\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    Article 360                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Article 356                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Article 364                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Article 352                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>A. Article 360<\/strong><\/p>\n<p>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, make a declaration to that effect.<\/p>\n<p>The Proclamation shall <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> be laid before each House of Parliament and shall cease to operate on the expiration of a period of one month from the date of its publication, unless before the expiration of that period it has been approved by both Houses of Parliament.<\/p>\n<p>If the Proclamation has been approved by both Houses of Parliament, it shall cease to operate on the expiration of a period of six months from the date of its publication, unless before the expiration of that period it has been renewed by a resolution of both Houses of Parliament.<\/p>\n<p>The President may, at any time, by Proclamation, revoke the Proclamation issued under this Article.<\/p>\n<p>The effect of a Proclamation of Financial Emergency is that:<\/p>\n<ul>\n<li>The President may, by order, suspend the operation of all or any <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> of the provisions of Articles 19(1)(f), (g), (h), (i), (j), (k), (l) and (m) and Article 301.<\/li>\n<li>The President may, by order, make such provisions as he deems necessary or expedient for the purpose of dealing with the situation arising out of the Proclamation.<\/li>\n<li>The President may, by order, authorise any expenditure from the Consolidated Fund of India, which would not be admissible under Article 268.<\/li>\n<li>The President may, by order, suspend the operation of all or any of the provisions of the Constitution relating to the distribution of revenues between the Union and the States.<\/li>\n<\/ul>\n<p>The Proclamation of Financial Emergency is a drastic measure and should be resorted to only in the rarest of cases. It is important to note that the Proclamation of Financial Emergency does not suspend the operation of the fundamental rights guaranteed under Article 21 of the Constitution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Under which Article of the constitution, the President of India can declare the financial emergency- A. Article 360 B. Article 356 C. Article 364 D. 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