BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many times has financial emergency been declared in India so far?
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5 times
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4 times
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Once
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Never
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Explanation:
Detailed explanation-1: -Financial emergency has never been proclaimed in India. Article 360 of the Indian Constitution empowers the President to invoke financial emergency.
Detailed explanation-2: -Detailed Solution. Never has the financial emergency been declared in India.
Detailed explanation-3: -The final decision to impose an emergency was proposed by Indira Gandhi, agreed upon by the President of India, and ratified by the Cabinet and the Parliament from July to August 1975.
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