Question

How many times Financial Emergency has been declared in India so far?

  1. 5 times
  2. 4 times
  3. Once
  4. Never

Answer:

Option D: Never

Detailed Solution:

The correct answer is “Never”.

A Financial Emergency has never been declared in India. Article 360 of the Indian Constitution provides for the imposition of a Financial Emergency, but so far, it has never been invoked.