Political Science · Political Institutions in India
UGC NET December 2018 Political Science
Once approved by Parliament, for how long can the proclamation of Financial Emergency remain in operation?
A2 months
B3 years
CTill the term of that Parliament
DIndefinitely ✓ Correct
Correct answer: (D) Indefinitely — Once approved by Parliament, a proclamation of Financial Emergency can remain in operation indefinitely.
Explanation
★Once approved by Parliament, a proclamation of Financial Emergency can remain in operation indefinitely.
★Article 360 empowers the President to proclaim a Financial Emergency if the financial stability or credit of India or any part of it is threatened.
★The proclamation must be approved by both Houses of Parliament within two months of its issue.
★After approval, it continues in force indefinitely until the President revokes it, and there is no maximum duration.
★Revocation does not need parliamentary approval and can be done by the President through a subsequent proclamation.
★No Financial Emergency has been declared in India so far.
★For NET, contrast Financial Emergency (Article 360, no fixed limit) with National Emergency (Article 352, six-month renewals).
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