Which is wrong about the provisions relating to financial emergencies in the Indian Constitution?
1
A proclamation issued can be revoked or changed by a subsequent proclamation by the President.
2
Article 360 lays down the provisions for financial emergency.
3
If the President is satisfied that a situation has arisen which threatens the financial stability or goodwill of India or any part of the territory thereof; He may make a declaration to this effect by a proclamation.
4
It shall not be into force on the expiry of six months unless before the expiry of that period it has been approved by resolutions of both the Houses of Parliament.