During a financial emergency, the executive authority of the union exercises control over state finances through the following measures: (1) It can issue directions to state to observe certain cannons of financial propriety (2) It can ask the states to reserve their money bills for the consideration of the president (3) It can direct the states to reduce the salaries and allowances of all the persons serving in connection with the affairs of the states, including the judges of the Supreme Court and High Courts Codes:

Option A: (1) and (2)

Option B: Only (1)

Option C: (2) and (3)

Option D: (1), (2) and (3)

Correct Answer

Option: d

Explanation

President can impose financial emergency if he is satisfied that a situation has arisen due to which financial stability or credit of India or any part of it is in danger. The proclamation must be approved by both the houses of Parliament within two months of its issue. The effects of Financial emergency are that President can direct the reduction of salaries and allowances of any dass of employees serving the state and postponement of the salary of Public servants amongst other directions.

Sample Mock Tests for Practice

THE INDUSTRIAL DISPUTES ACT, 1947 (PAPER 01 Q. NO. 1 TO 15)

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 20 Q. NO. 761 TO 800)

THE HIMACHAL PRADESH URBAN RENT CONTROL ACT, 1987 (PAPER 03 Q. NO. 61 TO 90)

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 01 Q.NO. 1 TO 40)

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 02 Q. NO. 41 TO 80)

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 03 Q. NO. 81 TO 120)

THE INDIAN FORESTS ACT, 1927 (PAPER 01 Q. NO. 1 TO 43)

AIBE-XV-2021-I (BCI-JAN-2021-SET-C) (ALL INDIA BAR EXAM 2021-I)

UTTARAKHAND LOWER JUDICIAL SERVICES 2018

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 01 Q. NO. 1 TO 35)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 03 Q. NO. 71 TO 105)

THE HINDU ADOPTION AND MAINTENANCE ACT, 1956 (PAPER 01 Q. NO. 1 TO 30)

THE CONSUMER PROTECTION ACT, 1986 (PAPER 01 Q. NO. 1 TO 13)

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 16 Q. NO. 601 TO 640)

THE HINDU MARRIAGE ACT, 1955 (PAPER -3 Q. NO. 51 TO 75)

THE INDIAN CONTRACT ACT, 1872 (PAPER – 10 Q. NO. 316 TO 350)

THE CHHATTISGARH EXCISE ACT, 1915 (PAPER 01 Q. NO. 1 TO 8)

THE LIMITATION ACT, 1963 (PAPER 03 Q. NO. 81 TO 120)

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 08 Q. NO. 281 TO 320)

RAJASTHAN LOWER JUDICIAL SERVICES 2011

THE INDIAN CONTRACT ACT, 1872 (PAPER – 01 Q. NO. 1 TO 35)

THE INDIAN CONTRACT ACT, 1872 (PAPER – 13 Q. NO. 421 TO 455)

PUNJAB LOWER JUDICIAL SERVICES 2019

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 01 Q. NO. 01 TO 40)

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 22 Q. NO. 841 TO 870)

GUJRAT LOWER JUDICIAL SERVICES 2022

THE CONSTITUTION OF INDIA, 1949 (PAPER – 02 Q. NO. 36 TO 70)

AILET – National Law University Delhi Entrance Test (NLU 2014)

THE HIMACHAL PRADESH URBAN RENT CONTROL ACT, 1987 (PAPER 01 Q. NO. 1 TO 30)

RAJASTHAN LOWER JUDICIAL SERVICES 2021

SAMPLE PAPER 01

THE INDIAN CONTRACT ACT, 1872 (PAPER – 17 Q. NO. 561 TO 595)

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2012

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 21 Q. NO. 801 TO 840)

THE HINDU MARRIAGE ACT, 1955 (PAPER NO.: 04 Q. 76 TO 100)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 12 Q. NO. 386 TO 420)