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● Basic structure of the Indian Constitution In 1973, the basic structure doctrine was formally introduced with rigorous legal reasoning in the landmark decision of Kesavananda Bharati v. State of Kerala. It is a common law legal doctrine which states that the constitution of a sovereign state like India has certain characteristics that cannot be erased by its legislature. Under various judgements of Supreme Court the have emerged as basic features of the constitution some of them are as below: Supremacy of the constitution Social Justice Harmony and balance between fundamental rights and Directive Principles. Free and fair elections Independence of judiciary Limited power of Parliament to amend the constitution Secular character of the constitution Rule of law and Principle of equality
State whether the following statements are true/false:
1 LIFO method of pricing of materials is more suitable when material prices are rising
...If the trend of the current ratio is increasing, while the trend of the acid-test ratio is decreasing over a period of time, this could be a warning tha...
Which of the following is not a function of the Securities Appellate Tribunal (SAT)?
What is the Minimum Holding Period (MHP) for loans with a tenor of up to 2 years before they can be transferred by the transferor?
Which of the following is a key assumption in the Simplified Turnover Method for assessing working capital?
TULIP is a platform to provide internships to students and graduates in ULBs, Smart Cities, etc. What does the “I” stand for in TULIP?
As per RBI guidelines, for the purpose of calculation of LTV in case of housing loans, stamp duty, registration and other documentation charges can be a...
What will be the net working capital if Current ratio of a concern is greater than 1?
Concerning the GST Council's regularization of taxation issues, consider the following statements:
1. The GST Council is deciding on whether pack...
As of 2024, which company became the first in the gem and jewellery sector in India to be granted Authorised Economic Operator (AEO) status?