Question
Which act gave the power to declare ordinance to Viceroy
for the first time?Solution
The Indian Councils Act 1861 was an Act of the Parliament of the United Kingdom that transformed the Viceroy of India's executive council into a cabinet run on the portfolio system. The Governor-General could promulgate ordinances, without the concurrence of the legislative council, during and emergency. This Act restored the legislative powers of the Governor-in-Councils of the Presidencies of Madras and Bombay.
Money multiplier measures an estimate of the maximum amount of commercial bank money that can be created
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Marrakesh Agreement led to the foundation of:
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