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Judicial Review means the power of the Supreme Court or High Courts to examine the constitutionality of any law if the Court arrives at the conclusion that the law is inconsistent with the provisions of the Constitution, such a law is declared as unconstitutional and inapplicable. Rule of law is a concept which talks about the accountability of institutions while exercising their powers shall not act arbitrarily and illegally. Their actions should be subjected to the rule of law. Separation of Power dictates that the judiciary should act independently without any outside influences. The role of Judiciary is to interpret the law and it has to do that independently. Therefore, both the concepts rule of law and independence of judiciary are co-related for effective working of the government in a democracy and Judicial Review plays an important role in maintaining Rule of Law and an important facet of an independent judiciary.
As per RBI guidelines, what is the definition of a 'Project Loan'?
The rate applicable to an investment lasting for n years when all the returns are realized at the end is called:
Current Assets (at cost) Rs.24,00,000, Credit Sales Rs. 68,00,000, Cash Sales Rs.600,000, Sales Return Rs.2,00,000. What can be Current Assets Turnover ...
Samarth is a flagship skill development scheme approved in continuation to the Integrated Skill Development Scheme in which sector?
As per the recent guidelines by RBI for issuance of Share Capital by Rural Co-operative Banks, what is the limit of the outstanding amount of PNCPS and ...
Calculate the current Ratio from the above data:
Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
Which section of RBI Act 1934 prescribes the CAR for SCBA without any floor or ceiling rate? Which section of RBI Act 1934 prescribes the CAR for SCBA w...
Which statement is true out of the following with regards to technical analysis:
What are the prudential exposure limits for UCBs for a group of connected borrowers/parties?