Which of the following statements regarding a Proclamation of Financial Emergency under Article 360 of the Constitution of India are correct?
- A proclamation of Financial Emergency must be approved by both Houses of Parliament within two months from the date of its issue.Cevap
- During the period of Financial Emergency, the President may issue directions requiring all Money Bills passed by a state legislature to be reserved for presidential consideration.Cevap
- CThe resolution approving the proclamation of Financial Emergency must be passed by a special majority of two-thirds of the members present and voting in both Houses of Parliament.
- Once approved by both Houses of Parliament, the Financial Emergency continues indefinitely until it is revoked by the President, without requiring periodic parliamentary approval.Cevap
Cevap
The correct statements are that a proclamation of Financial Emergency must be approved within two months by both Houses of Parliament, state Money Bills can be directed to be reserved for the President's consideration, and once approved, the emergency continues indefinitely until revoked without needing periodic parliamentary re-approval.
Under Article 360 of the Indian Constitution, a Financial Emergency must be approved by both Houses of Parliament within two months by a simple majority. During its operation, the Centre can direct states to observe financial discipline, including reserving Money Bills for the President's approval. Furthermore, once approved by Parliament, a Financial Emergency remains in force indefinitely until revoked by the President, with no requirement for periodic extensions.
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Constitutional provisions, parliamentary approval rules, and executive effects of Financial Emergency under Article 360
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