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Important Question

  • Question: Who declares the financial emergency in India?
  • (A) President
  • (B) Prime Minister
  • (C) Finance Minister
  • (D) None of the above
  • Answer: President
  • Explanation: If President of India perceives big threat to financial situation of India then he/she can declare Financial Emergency. The President can declare three types of emergencies:
    1.National emergency
    2.State emergency
    3.Financial emergency

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