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Which of the following is incorrect in relation to the declaration of financial emergency by the President under Article 360 of the constitution ?

A It shall cease to operate at the expiration of one month unless approved by both Houses of Parliament.

B Salary and allowances of persons serving in connection with affairs of state may be reduced

C It may be revoked or varied by a subsequent proclamation by President

D Salary and allowances of the Judges of Supreme Court and High Courts may be reduced

Answer & Explanation
Answer:It shall cease to operate at the expiration of one month unless approved by both Houses of Parliament.

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