Bal Krishan Sharma was a significant figure in the discussions on federalism during the framing of the Indian Constitution. His ideas focused on:
1. Strong Central Government: Sharma argued that India needed a strong central government to maintain unity and integrity, given the diverse nature of its population and regions.
2. Autonomy for States: While supporting a strong central government, Sharma also acknowledged the need for autonomy for states to manage their local affairs, especially in terms of language, culture, and regional issues.
3. Balance Between Central and State Power: He advocated for a federal system that struck a balance between central authority and state autonomy, ensuring that the Union could maintain control over national interests while allowing states to manage local governance.
Thus, Sharma's ideas on federalism contributed to shaping India's federal structure as seen in the Constitution.
How was the Constituent Assembly influenced by public opinion? Choose the correct option.
Statements:
I. People aired their views outside the Parliament House.
II. People gave their reactions through the press.
III. The members of the Constituent Assembly used to discuss with the public.
IV. Public expressed their views in the Constituent Assembly.
The following journal entry appears in the books of Latvion Ltd. :
The discount on issue of debentures is :
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.