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Consider the following statements in respect of provisions as to financial emergency.
1. A proclamation of financial emergency has to be laid before each House of Parliament.
2. A Proclaimation of financial emergency ceases to operate at the expiration of six months, unlessbefore the expiration of that period it has been approved by resolution of both House of Parliament.
Q. Which of the statements given below is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither I nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements in respect of provisions as to finan...
When the financial stability of the country is threatened, president can declare a state of financial emergency
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Consider the following statements in respect of provisions as to financial emergency.1. A proclamation of financial emergency has to be laid before each House of Parliament.2. A Proclaimation of financial emergency ceases to operate at the expiration of six months, unlessbefore the expiration of that period it has been approved by resolution of both House of Parliament.Q. Which of the statements given below is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither I nor 2Correct answer is option 'A'. Can you explain this answer?
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