● Statement 1 is incorrect: Article 123 of the Constitution grants the President certain lawmaking powers to promulgate Ordinances when either of the two Houses of Parliament is not in session and hence it is not possible to enact laws in the Parliament. There is limitation on the President to promulgate ordinance when Parliament is not in session. Hence it is not a parallel power with the legislature. ● Statement 2 is incorrect: An ordinance will expire after 6 weeks once both the houses of Parliament are in session. Thus, the maximum validity of an ordinance is 6 months and 6 weeks ● Statement 3 is correct: An ordinance may have retrospective effect and may be modify repeal any act of Parliament or even another ordinance
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to ………………...
What is the Complaint redressal system of SEBI called
A company fails to accrue wages for march that will be paid in April. The company’s year-end balance sheet liabilities:
A microfinance loan borrower is identified as a household having annual household income not exceeding …………………….. Household shall me...
Who was appointed as a first Chairman of Insolvency and Bankruptcy Board of India?
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A company’s 1000 par preferred stock pays a Rs 50 annual dividend and has a required rate of return is 8%. Calculate the value of the preferred stock...
Which of the following initiatives by RBI has NOT helped in financial inclusion?
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