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During Financial Emergency under Article 360, the President can issue directions to States to observe canons of financial ______.
- austerity
- propriety
- transparency
- accountability
Answer: propriety
Article 360(3): During Financial Emergency, President may issue directions to States: (a) observe canons of financial propriety, (b) reduce salaries of government servants including HC Judges, (c) reserve Money Bills for Presidential consideration. Never invoked in India. Designed to protect national financial stability.