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Indian polity miscellaneous

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  1. In India, how many times has the President declared Financial Emergency?
    1. Once
    2. Never
    3. Thrice
    4. Twice
Correct Option: B

No Financial Emergency has been declared so far, though there was a financial crisis in 1991. Article 360 empowers the president to proclaim a Financial Emergency if he is satisfied that a situation has arisen due to which the financial stability or credit of India or any part of its territory is threatened.


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