Question
The Fundamental Duties of Indian Citizens were adopted
from the Constitution of which country?Solution
The Fundamental Duties of Indian Citizens were adopted from the Constitution of the former Soviet Union (USSR). The concept was incorporated into the Indian Constitution by the 42nd Amendment Act in 1976, and it outlines the moral obligations of all citizens to help promote a spirit of patriotism and to uphold the unity of India.
With amortized loans, such as a mortgage, which of the following statements is correct?
A customer purchases a general insurance policy covering fire and burglary. The insurer charges a premium of ₹50,000 for the annual coverage. As per p...
In amalgamation in the nature of merger, which method is used?
The audit that is made compulsory under statute is called _________.
Goods costing ₹ 2,00,000 were insured for ₹ 150000. Out of these goods, 1/3 are destroyed by fire. The amount of claim with average clause will be:
Investor A holds 42% of voting rights in TargetCo; the remaining shares are widely dispersed with no other holder above 3%. Investor A also has substant...
X & Y share profits in the ratio of 1: 4. Z has been admitted with ½ shares in profits. What will be the new profit sharing ratio of the partners?Â
What is the minimum amount of loan outstanding of a borrower or guarantor, for them to be classified as a Wilful Defaulter?
Find Gross Annual Value of House property from the following information:
Municipal Value Rs. 1,10,000
Fair Rent Rs. 1,20,000
Stand...
Parent Ltd. acquires 80% shares of Subsidiary Ltd. for ₹8,00,000 when Subsidiary’s net assets = ₹9,00,000. Calculate Minority Interest at acquisit...
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