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● Statement 1 is correct: The 1st Constitutional Amendment Act, 1951 added the Article 31A, 31B, Ninth Schedule among other things to the Constitution of India. Article 31A immunises five categories of law from being invalidated or challenged by the Courts on the grounds of being in contravention with Article 14 and Article 19 of the Constitution of India. These include: Acquisition of estates and related rights by the States Taking over the management of properties by the stat Amalgamation of corporations Abolition or modification of the rights of the directors or shareholders of the corporati Abolition or modification of the mining le Article 31B on the other hand saves the acts and regulations included under the Ninth Schedule from being challenged on the ground of contravention of any of the fundamental rights.. Hence, Article 31B has much wider connotations as compared to Article ● Statement 2 is incorrect: Article 31A does not exempt a law by state legislature from judicial review unless it has been reserved for presidential consideration and has received his assent. ● Statement 3 is incorrect: It was in the I.R.Coelho case (2007) that the Supreme Court that the laws or acts placed under the Ninth th Schedule after April 24, 1973 can be subjected to Judicial review. It was on April 24, 1973 that the Supreme Court came up with the Doctrine of Basic structure in Keshavanda Bharati
Which of the following is the best indicator of an economy's total borrowings?
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
For a monopoly firm, which of the following equalities is always true?
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side?
Durbin-Watson test is used in which of the following case?
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
What did the Securities and Exchange Board of India (Sebi) approve regarding settlement and market regulations?
What is the tenor of the Sovereign Gold Bond (SGB) bond, and when is early encashment/redemption allowed?
'Distributed Profits' is also known as: