Indian Polity • ConstitutionEasy
Under which Article of the Constitution can the financial emergency be proclaimed by the President of India?
A. Article 352
B. Article 356
C. Article 360✓ Correct Answer
D. Article 368
💡 Solution & Explanation
Article 360 of the Indian Constitution grants the President power to declare a Financial Emergency if the financial stability or credit of India is threatened. While Article 352 deals with National Emergency and Article 356 relates to President's Rule in states, Article 360 remains uninvoked in Indian history. It allows the Union government to direct states to observe canons of financial propriety.
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