Which Article deals with the Financial Emergency?

Explanation

Article 360 provides for Financial Emergency in the Constitution of India. The official text says that if the President is satisfied that a situation has arisen in which the financial stability or credit of India, or any part of its territory, is threatened, the President may issue a Proclamation declaring that fact. This is why Article 360, not the other emergency-related articles listed in the options, is the correct answer. The key trigger is a threat to financial stability or credit, and the power belongs to the President. India has never proclaimed a Financial Emergency.

Why the other options are wrong

• (A) Article 352 is about National Emergency, so it does not cover the specific constitutional provision for Financial Emergency.
• (B) Article 356 deals with President's Rule, not a threat to India's financial stability or credit.
• (C) Article 365 concerns the effect of a state's failure to comply with Union directions, not Financial Emergency.

Concept

This tests the emergency provisions of the Indian Constitution, a recurring RAS area because the exam often asks candidates to distinguish closely numbered Articles. Article 360 is especially important because it is the dedicated provision for Financial Emergency.

Source

• The Constitution of India, Government of India, Ministry of Law & Justice

Related questions

• A bill to amend the Constitution can be introduced:
• A bill under Article 3 for the formation of a new State requires:
• A CAG audit of the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) revealed that what percentage of beneficiaries had blank, zero, Null or N/A bank-account details?
• A Financial Emergency under Article 360 must be approved by Parliament within:
• A joint sitting of both Houses of Parliament can be summoned under which Article?
• A joint sitting of both Houses of Parliament under Article 108 can be called to resolve a deadlock on: