Question
Consider the following statements: 1.   The
Prime Minister of India is the head of the government of India. 2.   The Prime Minister shall be appointed by the president. Which of the statements given above is/are correct?Solution
The prime minister of India is the head of government and has the responsibility for executive power. The president's constitutional duty is to preserve, protect and defend the Constitution and the law per article 60. The prime minister is appointed by the president of India; however, the prime minister has to enjoy the confidence of the majority of Lok Sabha members, who are directly elected every five years, lest the prime minister shall resign.
While accounting for ‘interest on capital’ provided by a firm, it will be recognized as which of the following?Â
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Term Money in a financial market can be defined as____