Question
According to the Indian Constitution, which entity has the
power to make laws and policies for the country?Solution
In India's democratic parliamentary system, Parliament is sovereign and has the power to make laws and policies for the country. The Seventh Schedule of the Constitution divides legislative powers between the center and states. Parliament can make laws on matters in the Union List, while both Parliament and State Legislatures can legislate on the Concurrent List. Parliament alone has power to make laws on matters not included in either the State or Concurrent Lists.
Which of the following statement is incorrect?
Which one of the following is a deferred tax asset?
Which of the following statements are true or false?
Statement 1: Management of cash means management of cash inflow.
Statement 2: Cash ma...
Appointment of the first auditor of a government company shall be made by the ______ within ______ of registration of the company.
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As per the Companies Act, 2013, the financial statements of a company include:
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Statement-1: The carrying amount for long-term inves...
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