Within how much time must a Proclamation of Financial Emergency under Article 360 be approved by both Houses of Parliament?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Two months
Under Article 360(2), a Proclamation of Financial Emergency is laid before each House of Parliament and ceases to operate at the end of two months unless both Houses approve it by resolutions within that period. Once approved, it continues until the President revokes it; no time limit is fixed.