After declaration of financial emergency what is the maximum period of its operation without approval of President?
Verified Answer
A. Four months
B. Three months
C. Two months
D. One month
Explanation:
Article 360(2) of the Indian Constitution states that a proclamation of Financial Emergency 'shall cease to operate at the expiration of two months unless before the expiration of that period it has been approved by resolutions of both Houses of Parliament'.