Description : After declaration of financial emergency by the President, what is the period of operation without approval by the Parliament— (A) Three Months (B) Four Months (C) Two Months (D) One Month
Last Answer : (C) Two Months
Description : What is the period within which a proclamation of national emergency made by the President is to be placed before each house of the Parliament for approval? (1) within one month (2) within two months (3) within four months (4) within six months
Last Answer : (1) within one month Explanation: The President of India has the power to declare three types of emergency. They are National Emergency, State Emergency and Financial Emergency. A proclamation ... passed within one month of Lok Sabha being reconstituted; otherwise the proclamation will be invalid.
Description : The declaration of Constitutional Emergency in an Indian State has to be approved by the Parliament within a period of – (1) 2 months (2) 4 months (3) 6 months (4) 12 months
Last Answer : (1) 2 months Explanation: If the President is satisfied, on the basis of the report of the Governor of the concerned state or from other sources that the governance in a state cannot be carried out ... in the state. Such an emergency must be approved by the Parliament within a period of 2 months.
Description : A proclamation of emergency, under Article 352, on account of war or aggression requires approval of the Parliament within – (1) one month (2) two months (3) four months (4) six months
Last Answer : (1) one month Explanation: National emergency is caused by war, external aggression or armed rebellion in the whole of India or a part of its territory. The President can declare such an emergency ... can be imposed for six months. It can be extended by six months by repeated parliamentary approval.
Description : A proclamation of emergency must be placed before the Parliament for its approval (1) Within 1 month (2) Within 2 months (3) Within 6 months (4) Within 1 year
Last Answer : (1) Within 1 month Explanation: Proclamation of emergency must be replaced withing 1 month before the parliament for its approval.
Description : Which one of the following is the time limit for the ratification of an emergency period by parliament? (1) 14 days (2) 1 month (3) 3 months (4) 6 months
Last Answer : (2) 1 month Explanation: The time limit for the ratification of an emergency period by Parliament is 1 month.
Description : An ordinance issued by the Governor, without the approval of the State Legislature shall be effective for a period of – (1) Six months (2) Six weeks (3) One year (4) One month
Last Answer : (2) Six weeks Explanation: The Governor has the power of making ordinances during the recess of the legislature to meet some emergency. A Governor's Ordinance ceases to operate six weeks after the reassembly of the legislature if not disapproved by the state legislature.
Description : The Indian Parliament is competent to enact law on a State subject if – (1) emergency under Article 352 is in operation (2) all the state Assemblies of the country make such a request (3) the President sends such a message to Parliament (4) None of these
Last Answer : (1) emergency under Article 352 is in operation Explanation: When National emergency 7 under article 352 is in force, the Parliament can make laws on the 66 subjects of the State List (which ... governments can make laws). Also, all money bills are referred to the Parliament for its approval.
Description : During Financial Emergency all money bills passed by the state legislature are to be reserved for the consideration of the – (1) Governor (2) Prime Minister (3) Parliament (4) President
Last Answer : (4) President Explanation: In case of a financial emergency, the President can reduce the salaries of all government officials, including judges of the Supreme Court and High Courts. All money ... He can direct the state to observe certain principles (economy measures) relating to financial matters.
Description : While a proclamation of emergency is in operation the duration of the Lok Sabha can be extended for a period - (1) not exceeding three months (2) not exceedng nine-months (3) of one year at a time (4) of two years at a time
Last Answer : (3) of one year at a time Explanation: While a proclamation of emergency is in operation, this period may be extended by Parliament by law for a period not exceeding one year at a time. Under ... when the security of India or part of it is threatened by war or external aggression or armed rebellion.
Description : If the election of the President of India is declared void by the Supreme Court, the acts performed by President Incumbent before the date of such decision of court remain - (1) Valid (2) Invalid (3) Valid Subject to the judicial review (4) Valid Subject to the approval of the parliament
Last Answer : (1) Valid Explanation: If the election of the President of India is declared void by the Supreme Court, the acts performed by President Incumbent before the date of such decision of court remain valid.
Description : An ordinance issued by Governor is subject to approval by – (1) The President (2) The State Legislature (3) The State Council of Ministers (4) The Parliament
Last Answer : (2) The State Legislature Explanation: Article 213 of the constitution provides that Governor of the state can promulgate ordinance. The same article states that once an ordinance is passed, it should ... both the houses and approved by then within six weeks of their respective dates of reassembly.
Description : Money can be spent out of the Consolidated Fund of India with the approval of – (1) The Parliament (2) The Speaker of Lok Sabha (3) The Comptroller and Auditor General (4) The President
Last Answer : (1) The Parliament Explanation: Items charged on the Consolidated Fund of India can be discussed but not voted upon in any House of the Parliament. No demand for grant under this head can be reduced or rejected.
Description : What is the maximum period upto which a proclamation issued by the President under Article 356 of the Constitution and approved/extended by the Parliament may, normally, remain in force? (1) Six months (2) One year (3) Two years (4) Unit is repealed by the Parliament
Last Answer : (2) One year Explanation: President's rule is enabled by Article 356 of the Constitution of India, which gives authority to impose central rule if there has been failure of the constitutional machinery ... it can be done by a constitutional amendment, as has happened in Punjab and Jammu and Kashmir.
Description : The vacancy of the office of the President of India must be filled up within- (1) 90 days (2) 6 months (3) One year (4) within the period decided by the Parliament
Last Answer : (2) 6 months Explanation: The vacancy of the office of the President of India must be filled up within 6 months.
Description : As per the constitutional provisions. The President of India enjoys the power of absolute veto, suspensive veto and pocket veto. However none of these can be applied on case of giving assent to - (1) ... country (3) Bill related to suspension of any of the fundamental rights (4) All of the above
Last Answer : (1) Money Bill Explanation: As per the Constitutional provisions, The president of India cannot use the power of absolute veto, suspensive veto and pocket veto in case of giving assent to the Money Bill.
Description : From which fund can the unanticipated expenditure be met without the prior approval of the Parliament? (1) Consolidated Fund of India (2) Contingency Fund of India (3) Vote-on-Account (4) From the Treasury
Last Answer : (2) Contingency Fund of India Explanation: A contingencies fund or contingency fund is a fund for emergencies or unexpected outflows, mainly economic crises. The Contingency Fund of India established ... Fund is subsequently obtained to ensure that the corpus of the Contingency Fund remains intact.
Description : A proclamation of emergency caused by war or external aggression must be approved by both the Houses of Parliament within – (1) 15 days (2) 1 month (3) 2 months (4) 3 months
Last Answer : (2) 1 month Explanation: National emergency is caused by war, external aggression or armed rebellion in the whole of India. The President can declare such an emergency only on the basis of a ... can be imposed for six months. It can be extended by six months by repeated parliamentary approval.
Description : Article 368 of the Constitution of India deals with - (1) the powers of the Parliament of India to amend the Constitution (2) financial emergency (3) reservation of seats for Scheduled Castes and Scheduled Tribes in the Lok Sabha (4) Official Language of the Union of India
Last Answer : (1) the powers of the Parliament of India to amend the Constitution Explanation: The Article 368 deals with power of Parliament to amend the Constitution and its procedure.
Description : In order to be effective, Percutaneous Transluminal Coronary Angioplasty (PTCA) must be performed within what time frame, beginning with arrival at the emergency department after diagnosis of myocardial ... during which streptokinase will not be used again in the same patient for acute MI.
Last Answer : a) 60 minutes The sixty minute interval is known as “door to balloon time” for performance of PTCA on a diagnosed MI patient.
Description : After a Bill has been passed by the Houses of the Parliament, it is presented to the President who may either give assent to the Bill or with hold his assent. The President may - (1) assent within six ... to reconsider the Bill (4) with hold his assent even if the Bill is passed again by the Houses
Last Answer : (3) return the Bill as soon as possible after the Bill is presented to him with a message requesting the House to reconsider the Bill Explanation: Article 111 of the Indian constitution ... houses of the parliament or return the bill as soon as possible for reconsideration with his recommendation
Description : The President of India can issue a proclamation of National Emergency only on the written recommendation of – (1) The Prime Minister (2) The Cabinet consisting of only Cabinet Ministers of the Union (3) The Council of Ministers of the Union (4) Parliament
Last Answer : (3) The Council of Ministers of the Union Explanation: National emergency is caused by war, external aggression or armed rebellion in the whole of India or a part of its territory. The ... headed by the prime Minister. Such a proclamation must be approved by the Parliament within one month
Description : According to the Indian Constitution, who has the power to declare emergency? (1) Prime Minister (2) President (3) Chief Justice (4) Parliament
Last Answer : (2) President Explanation: As per the articles 352, 356 and 360 in the Constitution of India, President of India has been given extraordinary power to declare an emergency to meet any threat to ... emergency (article 352); State emergency (article 356); Financial emergency (article 360).
Description : The majority of the provisions of the Indian Constitution can be amended– (1) by the State Legislatures acting together (2) by the Parliament alone (3) with the joint approval of the Parliament and State Legislatures (4) only on ratification by half of the States
Last Answer : (2) by the Parliament alone Explanation: Most of the constitution can be amended after a quorum of more than half of the members of each house in Parliament passes an amendment with a two-thirds majority vote.
Description : A precautionary landing is a procedure that: a. Enables the aeroplane to land at the destination with unserviceabilities that prevent a normal instrument approach being carried out b. Enables a ... not properly lowered d. Is carried out in the event of landing at an alternate aerodrome
Last Answer : b. Enables a landing after the declaration of a state of emergency or urgency
Description : No Money bill can be introduced in the Lok Sabha without the prior approval of the (1) Vice-President (2) President (3) Prime Minister (4) Finance Minister
Last Answer : (2) President Explanation: The money bill originates only in the Lok Sabha. No money bill can be introduced in the Lok Sabha without the prior approval of the president.
Description : The “in-principle” approval for setting up „small finance banks‟ granted by RBI will be valid for ______ A. 12 Months B. 24 Months C. 10 Months D. 18 Months E. None of the Above.
Last Answer : D. 18 Months Explanation: The ―in-principle‖ approval granted will be valid for 18 months to enable the applicants to comply with the requirements under the Guidelines and fulfil other conditions as may be stipulated by the RBI.
Description : When a constitutional amendment bill goes to the President, he – (1) can withhold his assent (2) can return it to the Parliament for reconsideration (3) can delay it for not more than six months (4) is bound to give his assent
Last Answer : (4) is bound to give his assent Explanation: All bills passed by the Parliament can become laws only after receiving the assent of the President. The President can return a bill to the Parliament, if it is not a money bill or a constitutional amendment bill, for reconsideration.
Description : What is the time limit given to Parliament to pass the ordinance promulgated by the President of India? (1) 6 days (2) 6 weeks (3) 6 months (4) 6 months and six weeks
Last Answer : (2) 6 weeks Explanation: Ordinances remain valid for no more than six weeks from the date the Parliament is convened unless approved by it earlier.
Description : On the basis of financial crisis howmany times has emergency been declared by the President of India? -General Knowledge
Last Answer : The answer is 'Not even once'
Last Answer : answer:
Description : The President of India has the discretionary power to – (1) impose President's Rule in a state (2) appoint the Prime Minister (3) appoint the Chief Election Commissioner (4) declare Financial Emergency
Last Answer : (2) appoint the Prime Minister Explanation: The President of India can use discretionary powers under the following situations: (i) In appointing the Prime Minister from among the contenders when no ... veto; (iii) Returning the Bill passed by the Parliament once for its reconsideration; etc.
Description : Which Article empowers the President to impose Financial Emergency? (1) (1) Article 356 (2) (2) Article 364 (3) Article 352 (4) Article 360
Last Answer : (4) Article 360 Explanation: According to Article 360, if the President is satisfied that there is an economic situation in which the financial stability or credit of India is threatened, he ... can declare financial emergency. Such an emergency must be approved by the Parliament within two months.
Description : In India, how many times has the President declared Financial Emergency? (1) Once (2) Never (3) Thrice (4) Twice
Last Answer : (2) Never Explanation: No Financial Emergency has been declared so far, though there was a financial crisis in 1991. Article 360 empowers the president to proclaim a Financial Emergency if he is ... to which the financial stability or credit of India or any part of its territory is threatened.
Description : Under which article of the constitution, the president of India can declared the Financial Emergency
Last Answer : Article 360
Description : In India, how many times has the president declared financial emergency
Last Answer : Never
Description : On the basis of financial crisis howmany times has emergency been declared by the President of India?
Last Answer : Not even once
Description : Who declares the financial emergency— (A) President (B) Prime Minister (C) Finance Minister (D) None of the above
Last Answer : (A) President
Description : Reserve Bank of India has granted in principle approval to the common service Centres to act as which operating unit to make bill payments in rural? A) Bharat Bill Payment B) National Bill Payment C) Non Banking Financial D) Mobile Banking Payment E) None of these
Last Answer : A) Bharat Bill Payment Explanation: Reserve Bank of India has granted in-principle nod to the common service centres RBI (CSCs) as Bharat Bill Payment Operating Unit to make bill payments at centres in rural bands.
Description : What does amortization mean? A. Spreading payments over multiple periods B. Buying a financial instrument in order to sell the same instrument at a higher price in another market C. Issuance approval, ... issuer D. Buying the underlying securities at a specified excercise price E. None of the Above
Last Answer : A. Spreading payments over multiple periods Explanation: Amortization is an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time.
Description : A principal purpose of a letter of representation from management is to a. Remind management of its primary responsibility for financial statements. b. Serve as an introduction to company personnel and ... . d. Confirm in writing management's approval of limitations on the scope of the audit
Last Answer : Remind management of its primary responsibility for financial statements.
Description : A principal purpose of a letter of representation from management is to a. Serve as an introduction to company personnel and an authorization to examine the records. b. Discharge the auditor ... the scope of the audit. d. Remind management of its primary responsibility for financial statements.
Description : .Which of the following fee arrangements is in violation of the Code of Professional Conduct? a. A fee based on whether the CPA's report on the client's financial statements results in the approval of a ... actual time spent on the engagement. d. A fee based on the fee charged by the prior auditor.
Last Answer : A fee based on whether the CPA's report on the client's financial statements results in the approval of a bank loan
Description : When was the first declaration of Emergency in India? -General Knowledge
Description : The Annual Financial Statement of the Government of India in respect of each financial year shall be presented to the House on such day as the - (1) Speaker may direct (2) President of India may direct (3) Parliament may decide (4) Finance Minister may decide
Last Answer : (2) President of India may direct Explanation: According to article 112, the President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of ... the Government of India for that year, in this Part referred to as the annual financial statement.
Description : Which of the followings holds his post after the approval of the president
Last Answer : Governor