Question

Consider the following statements in respect of financial emergency under Article 360 of the Constitution of India:

1. A proclamation of financial emergency issued shall cease to operate at the expiration of two months, unless, before the expiration of that period , it has been approved by the resolutions of both House of Parliament.

2. Financial Emergency can remain in operation for a maximum period of three years.

Which of the statement given above is / are correct?
A) 1 only
B) 2 only
C) Both 1 and 2
D) None of these

Answer 1

$\bf\huge\color{red}{ANSWER}$

Option (A) 1 only is the right answer ✔️