Ideal Answer Structure and Approach :

 

Introduction :

Define Financial emergency, mention related Constitutional Article ( very important )

 

Main Body :

Mention Circumstance :

Revenue issues

Overall Economic Crisis

issues which incapacitate government to improve the situations by undertaking normal measures

 

Mention Consequences :

Empowering Central government to guide state governments on how to use their finances

control over salaries and remunerations of public servants

Other discretionary measures that can be undertaken depending on the situation

 

Conclusion :

You can write a conclusion praising our forefather who have placed necessary provision in the constitution which can help deal with different types of emergencies

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