A) If there is a threat to the financial stability or credit of India
B) To meet the extraordinary expenses of conducting a war
C) On the recommendation of the Comptroller and Auditor General
D) If the majority of the state legislatures so recommend
Correct Answer: A
Solution :
[a] Article 360 provides that if the President is satisfied that the financial stability or credit of India or any of its part is in danger, he may declare a state of Financial Emergency. Under such situation, the executive and legislative powers will go to the centre.
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