Start learning 50% faster. Sign in now
The parliamentary system in India is largely based on the British parliamentary system. However, it never became a replica of the British system and differs in several aspects. ● Statement A is correct India has a republican system in place of British monarchical system. The Head of the State in India (that is, President) is elected, while the Head of the State in Britain (that is, King or Queen) enjoys a hereditary position. ● Statement B is correct. The British system is based on the doctrine of the sovereignty of Parliament, while the Parliament is not supreme in India and enjoys limited and restricted powers due to a written Constitution, federal system, judicial review and fundamental rights ● Statement C is correct: Britain has the system of legal responsibility of the minister while India has no such system. Unlike in Britain, the ministers in India are not required to countersign the official acts of the Head of the State ● Statement D is incorrect: ‘Shadow cabinet’ is a unique institution of the British cabinet system. There is no such institution in India.
What will be the working capital if Cash & Bank Rs.20,000; Debtors Rs.2,00,000; Creditors Rs.1,00,000; Bills Payable Rs.50,000 and Stock is Rs.2,80,000.
If an individual is unable to pay back the overdraft taken by him it is known as
Which of the following is considered the most important principle in lending according to the Principles of Lending?
How many PM MITRA Parks have been approved by the government, and what is the total outlay over seven years?
`Which of the following financial reports are considered to be of lowest quality? Financial reports that reflect:
As per law of demand, the quantity demanded of a normal product increases with _____
Which of the following types of decisions are incorporated with financial decisions:
A. Investment decisions
B. F...
One of the important goals of the economic liberalization policy is to achieve high convertibility of the Indian rupee. Which of the following is not a ...
The organization budgeted $400,000 for 40,000 hours of direct labor to complete 16,000 units of finished product. The firm used 42,000 direct labor hour...
Gold (Metal) Loans can be extended by nominated banks to which of the following entities?