Indian Polity · Constitutional Provisions
Under which situation can the President declare a Financial Emergency under Article 360?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1If a state government fails to pay its debts.
- 2If the financial stability or credit of India or any part of it is threatened.✓
- 3If a major war causes economic depression.
- 4Upon the request of the Finance Minister.
Correct answer
If the financial stability or credit of India or any part of it is threatened.
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