Question

This source of finance is regulated by the Reserve Bank of India and cannot exceed 25%

of share capital and reserves.

(i) Identify the source of finance on the basis of above information

(ii) Describe merits and demerits of it.​

Answer 1

.

Explanation:

2)The most modern interpretation of democracy was given by American President, Mr. Abraham Lincoln, who said ‘democracy is the government of the people, for the people, by the people’. In today’s contemporary world, democracy has been accepted as the best form of government, although its successful working depends on certain pre-requisites. The word 'democracy' means 'rule by the people. 'A democracy is a system where people can change their rulers in a peaceful manner and the government is given the right to rule because the people say it may