Question
Which of the following correctly describes Cooperative
Federalism?Solution
Cooperative federalism means a flexible relationship between the federal and state governments where powers are used jointly by the Centre and the states. In a federal political system, “competitive federalism” refers to the existence and desirability of rivalry among governments and jurisdictions. Competition among governments can be defined as rivalry whereby each government attempts to obtain some scarce benefit or resource or to avoid a certain cost.
According to the decision given in the case of Garner vs. Murray, solvent partners have to bear the loss due to insolvency of a partner and have to cate...
Valuing inventory at cost or net realizable value is based on which principle?
Which of the following factors are likely to act as an obstacle for India to be a part of the global assembly chain for the Networked products?
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The value of derivative is determined by
Which is not a characteristic of corporate social responsibility?
Which of the following instrument is subject to counter party risk?
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According to the Executive Committee of the General Insurance Council, what is the minimum amount of unexpired risk reserve required for Marine Insurance?
