Choose the correct statement from the following regarding a Financial Emergency in India:

Question

Indian Polity · Polity

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

The proclamation of emergency must be approved by Parliament.

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Answer 1

The proclamation of emergency must be approved by Parliament.

Answer 2

Once approved, the financial emergency will continue up to a maximum period of 1 year.

Answer 3

For revocation of a financial emergency, parliamentary approval is mandatory.

Answer 4

None of the above statements is correct.

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