Question

Which Article of the Indian Constitution describes the provisions related to financial emergency?

A. Article 148

B. Article 143

C. Article 360

D. Article 72

1. C
2. A
3. B
4. D

Answer 1

Correct Answer - Option 1 : C

The correct answer is C.

• Article 360 of the Indian Constitution describes the provisions related to financial emergencies.
• According to Article 360- "If the President is satisfied that a situation has arisen whereby the financial stability or credit of India or of any part of the territory thereof is threatened, he may by a Proclamation make a declaration to that effect".

• The Constitution of India is the supreme law of India.
• The document lays down the framework that demarcates the fundamental political code, structure, procedures, powers, and duties of government institutions and sets out fundamental rights, directive principles, and the duties of citizens. 
• The Constitution of India was last amended on 25 January 2020 (104th).

Article	Details
Article 148	Article 148 - Comptroller and Auditor-General of India There shall be a Comptroller and Auditor-General of India who shall be appointed by the President by warrant under his hand and seal and shall only be removed from office in like manner and on like grounds as a Judge of the Supreme Court.
Article 143	Article 143 of the Constitution of India confers upon the Supreme Court advisory jurisdiction. Article 143 Power of President to consult Supreme Court. Firstly, the President may obtain the opinion of the Supreme Court on any question of law or fact that has arisen or likely to arise.
Article 72	Article 72 Constitution of India: Power of President to grant pardons, etc., and to suspend, remit or commute sentences in certain cases.