Civil Services UPSC CAPF (Assistant Commandants) Test Series 2025 General Knowledge Polity Basics of Constitution
Consider the following statements about the Financial emergency:
1. Article 360 empowers the president to proclaim a Financial Emergency.
2. Once approved by both the Houses of Parliament, the Financial Emergency continues for one year.
3. A resolution approving the proclamation of financial emergency can be passed by either House of Parliament only by a simple majority.
Which of the statements given above is/are correct?
1
1 and 3 only
2
2 and 3 only
3
2 only
4
3 only