question_answer

In case of declaration of financial emergency:

A)  All the State Governments will be dissolved and management of economy will be taken over by the Union Government

B)  All Money Bills of the states will be considered and passed only by the Parliament

C)  All the State Assemblies will be put under suspended animation and laws on the State List will be enacted by  Parliament

D)  The President may give such directions to the states as may be deemed necessary for economic recovery and salaries of officials may be temporarily reduced