Question
Which of the following proposals were mentioned in the
August offer? 1. Expansion of the Viceroy’s Executive Council after the war. 2. An advisory war council. 3. Constituent assembly after the war. Select the correct answer from the codes given below.Solution
· August offer came at a time, when the British Government was at a worse corner as almost all the nations of Europe fell down before the German army and England alone was trying to stand strongly to face the nazi army. Following were the proposals under the August Offer of 1940. Dominion status as the objective for India The Viceroy’s Executive Council would be expanded right away to include for the first time more Indians than whites. However, defence, finance and home portfolios were to remain with the British. Hence, statement 1 is incorrect. An advisory war council was to be established. Hence, statement 2 is correct. A representative Indian body would be formed after the war to frame a constitution for India Hence, statement 3 is correct. An assurance was given to the minorities that no transfer of power would take place “to any system of government whose authority is directly denied by large and powerful elements in Indian national life.”
The UTGST Act, 2017 is applicable to Union-Territories except:
Initial Investment = ₹1,00,000; Cash inflow = ₹40,000 for 4 years; Discount rate = 10%. PV factor (4 yrs) = 3.169. Compute NPV.
__________ refers to the attitude that includes a questioning mind and a critical assessment of audit evidence.
Which among the following would be classified as a part of Internal Liability?
Goodwill acquired in a business combination must be tested annually for impairment. To which level should it be allocated for testing?
Which of the following statements is true for cash basis accounting?
What was a key issue related to regulatory challenges in the Indian telecom industry?
Which of the following statements is correct?
Calculate Breakeven point from the following data:
Fixed cost = Rs. 1,20,000
Sales = Rs. 2,20,000
Variable cost = Rs. 88,000
In the context of money laundering, the stage called Integration refers to: