Question 1 of 10Polity Practice Series · Foundations of the Constitution
With reference to the provisions regarding financial emergency, consider the following statements:
- 1.It can be imposed when the financial stability of any part of territory of India is threatened.
- 2.Parliamentary approval is not required for the revocation of a financial emergency.
- 3.Once it comes into force, the salaries and allowances of persons serving the Union is automatically reduced.
How many statements given above are correct?