State whether the given statement is true/false.

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.

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True

False

answer is A.

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Detailed Solution

The given statement is true..
According to the Financial Emergency provisions of Article 360, the Financial Emergency proclamation will expire if it hasn't been approved by both the Rajya Sabha and the Lok Sabha before the end of the two-month period. The president has the authority to lower the pay of every public servant. The high court judges and chief justice are examples of this. The declaration of a financial emergency shall be confirmed and acknowledged by both Houses of Parliament within two months of the date of its issue. Such a declaration of a financial emergency may very well be revoked by the President. This is conceivable at any point without the legislature's approval.

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