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| Q. |
Which type of emergency has not been declared so far in India? |
| A. | Internal emergency caused due to internal disturbances |
| B. | External emergency caused due to external threat |
| C. | State emergency, caused due to failure of constitutional machinery in the stales |
| D. | Financial emergency |
| Answer» D. Financial emergency | |
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Explanation: If the President is satisfied that there is an economic situation in which the financial stability or credit of India is threatened, he or she can declare financial emergency. Such an emergency must be approved by the Parliament within two months. It has never been declared. Such a situation had arisen but was avoided by putting the gold assets of India as collateral for foreign credit. |
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