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UPSC CAPF AC Paper - I
IMPORTANT
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Consider the following statements in respect of financial emergency under Article 360 of the Constitution of India
1. A proclamation of Financial Emergency issued shall cease to operate at the expiration of two
months, unless, before the expiration of that period, it has been approved by the resolutions of both Houses of Parliament.
2. Financial Emergency can remain in operation for a maximum period of three years.
Which of the statements given above is/are correct?
(a)Only 1
(b)Only 2
(c)Both 1 and 2
(d)Neither 1 nor 2

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