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Consider the following statements in respect of provisions as to financial emergency:

1. A proclamation of financial emergency has to be laid before each House of Parliament.

2. A proclamation of financial emergency ceases to operate at the expiration of six months, unless before the expiration of that period, it has been approved by resolutions of both Houses of Parliament.

Which of the statements given above is / are correct?                                        

A)  Only 1             

B)                      Only 2                                  

C)  Both 1 and 2    

D)  Neither 1 nor 2