Question
Which of the following best represents a core principle
of natural justice in administrative law?Solution
One of the fundamental principles of natural justice is the rule against bias, commonly expressed as "nemo judex in causa sua" — which means no one should be a judge in their own cause. This ensures impartiality in decision-making by administrative or quasi-judicial authorities. Along with the right to be heard (audi alteram partem), it forms the bedrock of fair procedure in administrative law. These principles are applicable even where statutes are silent and help in preventing arbitrary or biased decisions.
If the annual sales of a business are ₹X, what is the Maximum Permissible Bank Finance (MPBF) as per the Turnover Method?
As per AS-3, these activities are to be classified into following categories. Identify correct categories.
1. Operating,
2. Non Operating<...
With respect to Insurance Accounting, what is the appropriate adjustment entry based on the provided information?
A) Claims intimated and accepte...
Calls in arrear is shown in Balance Sheet as?
A company's shares with a face value of Rs. 10 each are quoted at Rs. 60 in the stock market. Current rate of dividend is 6% and this is expected to gro...
Assets with a beta of 0.95 (in financial terminology) will be considered as:
Short-term capital gains arising from the transfer of equity shares in a company or units of an equity-oriented fund or units of a business trust charg...
Which ratio indicates how effectively management uses shareholders’ funds to generate profits?
The matching principle in accounting means:
The arrangement of assets and liabilities in accordance with a particular order is known as of balance sheet.