On the basis of financial crisis Emergency has been declared by the President of India:

Question

Quizplus · Accepted Answer

The President of India has never declared an emergency on the basis of a financial crisis. Emergencies declared in India have been based on external aggression, internal disturbance, or a threat to the financial stability by way of a "Financial Emergency" under Article 360, but no financial emergency has ever been declared.

On the Basis of Financial Crisis Emergency Has Been Declared