Question

Which is not a correct statement regarding financial emergencies?
A)President can ask States to follow a certain canon of financial property
B)The State may be asked to reserve the money bills for the consideration of the President
C)President can suspend the normal allocation of revenues
D)President can reduce the salaries of civil servants and not judges

Answer 1

Hint: Constitution characterized monetary crisis as circumstance where danger has emerged to monetary steadiness or credit of India or of any piece of the domain. So unmistakably it isn't fundamental that it will be broadcasted just when the monetary dependability of the entire nation is compromised for example it could be a piece of country.

Complete answer:
Monetary crisis under Article 360 should be endorsed by the parliament within two months by a basic larger part. A condition of monetary crisis stays in power uncertainty until repudiated by the President. The President is enabled to make following moves during this time:

1)The president can diminish the compensations of all administration authorities, including judges of the high court and high courts, in instances of a monetary crisis.

2)All cash bills passed by state assemblies are submitted to the president for endorsement.

3)He can guide the state to notice certain standards (economy measures) identifying monetary issues.

Be that as it may, the President can suspend the typical allotment of incomes during the time of monetary crisis.

Hence, the correct answer is option (C)

Note: The President of India has the ability to force crisis rule in any or all the Indian states if the security of part or all of India is undermined by "war or outside hostility or furnished resistance". During such a crisis, the President can assume control over the whole work of the leader, and the Governor directs the state for the sake of the President. The Legislative Assembly can be broken down or may stay in suspended activity.