Question
Consider the following statements about first meeting of
the Constituent Assembly: 1. The first meeting of the Constituent Assembly was held before the Wavell Plan was proposed by the British. 2. Muslim League did not participate in the meeting. 3. Dr. Rajendra Prasad was elected as the temporary President of the assembly. Which of the above statement(s) is/are correct?Solution
● Statement 1 is incorrect: The first meeting of the Constituent Assembly was held on December 9, 1946 and the Wavell Plan was proposed in May 1945. ● Statement 2 is correct: The Muslim League boycotted the meeting and insisted on a separate state of Pakistan. ● Statement 3 is incorrect: Dr. Sachchidanand Sinha, the oldest member of the assembly was elected as the temporary President of the Assembly, following the French practice. Dr. Rajendra Prasad was elected as the President of the Assembly on 11th December 1946.
Which of the following best describes the discount factor used in capital investment decision-making ?
An entity that wants to register as a Depository Participant, will have to follow the regulations given by __________
What does the ratio obtained by dividing a company's net income by its number of shares outstanding signify ?
As consumers’ income rises, the demand for branded packaged foods, eating out at restaurants, and premium clothing increases proportionately. The inco...
According to the Keynesian Consumption Function, if an individual's income increases from ₹50,000 to ₹70,000 and their consumption increases from �...
Which of the following is not a fundamental accounting assumption as per AS-1?
As of March 31, 2026, Z Ltd. has a Paid-up Share Capital of ₹10 Lakh (1 Lakh shares of ₹10 each) and Free Reserves of ₹8 Lakh. The company decides...
A capital budgeting technique which does not require the computation of cost of capital for decision making purposes is:
How are fictitious assets treated in the balance sheet under Indian GAAP?
What was the value of RBI's Financial Inclusion Index (FI-Index) in March 2024?