Article 360 of Indian Constitution empowers whom to proclaim a Financial Emergency ........

General Studies (CHSL) Indian Polity

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Article 360 of Indian Constitution, empowers whom to proclaim a Financial Emergency?

The Finance Minister of India

The Governor of Reserve Bank of India

The President of India

Defence Minister of India

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Explanation:

The president under Article 360 of the constitution has the power to declare financial emergency if he is satisfied that the financial stability or the credit of India or any part of its territory is threatened.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.