UPSC Exam > UPSC Questions > Under Article 360 of the Constitution, the po...
Start Learning for Free
Under Article 360 of the Constitution, the power to proclaim financial emergency isvested under
- a)Ministry of Finance
- b)Parliament
- c)President
- d)Comptroller and Auditor General of India
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Under Article 360 of the Constitution, the power to proclaim financial...
- Article 360 empowers the President to proclaim a Financial Emergency if he is satisfied that a situation has arisen due to which the financial stability or credit of India or any part of its territory is threatened.
- The 38th Amendment Act of 1975 made the satisfaction of the President in declaring a Financial Emergency final and conclusive and not questionable in any court on any ground. But, this provision was subsequently deleted by the 44th Amendment Act of 1978 implying that the satisfaction of the President is not beyond judicial review.
Hence, option (c) is correct.
This question is part of UPSC exam. View all UPSC courses
Most Upvoted Answer
Under Article 360 of the Constitution, the power to proclaim financial...
Under Article 360 of the Constitution, the power to proclaim a financial emergency is vested in the President of India.
- **Article 360 of the Constitution**: This article empowers the President to proclaim a financial emergency if he/she is satisfied that a situation has arisen whereby the financial stability or credit of India is threatened.
- **Role of the President**: The President can declare a financial emergency on the advice of the Union Cabinet. Once declared, the President can issue directions to the states on matters related to financial management.
- **Conditions for Proclamation**: A financial emergency can be declared if the financial stability or credit of India or any part of its territory is threatened. This can be due to factors such as war, external aggression, or armed rebellion.
- **Effects of Financial Emergency**: During a financial emergency, the President can reduce the salaries of all government officials, including judges of the Supreme Court and High Courts. The Union government can also give directions to states on financial matters.
- **Parliament Approval**: The proclamation of a financial emergency must be approved by both houses of Parliament within two months. If approved, it remains in force for an indefinite period, as long as the President deems it necessary.
In conclusion, the power to proclaim a financial emergency lies with the President of India, as outlined in Article 360 of the Constitution. This provision is a crucial mechanism to ensure financial stability and credit in times of crisis.
- **Article 360 of the Constitution**: This article empowers the President to proclaim a financial emergency if he/she is satisfied that a situation has arisen whereby the financial stability or credit of India is threatened.
- **Role of the President**: The President can declare a financial emergency on the advice of the Union Cabinet. Once declared, the President can issue directions to the states on matters related to financial management.
- **Conditions for Proclamation**: A financial emergency can be declared if the financial stability or credit of India or any part of its territory is threatened. This can be due to factors such as war, external aggression, or armed rebellion.
- **Effects of Financial Emergency**: During a financial emergency, the President can reduce the salaries of all government officials, including judges of the Supreme Court and High Courts. The Union government can also give directions to states on financial matters.
- **Parliament Approval**: The proclamation of a financial emergency must be approved by both houses of Parliament within two months. If approved, it remains in force for an indefinite period, as long as the President deems it necessary.
In conclusion, the power to proclaim a financial emergency lies with the President of India, as outlined in Article 360 of the Constitution. This provision is a crucial mechanism to ensure financial stability and credit in times of crisis.
|
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer?
Question Description
Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer?.
Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Under Article 360 of the Constitution, the power to proclaim financial emergency isvested undera)Ministry of Financeb)Parliamentc)Presidentd)Comptroller and Auditor General of IndiaCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup