DMPQ: What are the Different types of Audit?

Types of audits   Product audit– An examination of a particular product or service (hardware, processed material, software) to evaluate whether it conforms to requirements (that is, specifications, performance standards, and customer requirements).   Process audit– A verification that processes are working within established limits. It evaluates an operation or method against predetermined instructions or … Read more

DMPQ- What are the discretionary powers of a governor of state?

The Governor of state has more discretionary powers than the President of India. He is not bound to act on the advise of the council of Ministers in certain circumstances, even he need not seek its advise. The constitution does not specify these matters but the matters in which he can act without the advise of … Read more

DMPQ-What are the salient features of Motor vehicle amendment act, 2019?

The Act seeks to amend the Motor Vehicles Act, 1988 to provide for road safety.  The Act provides for grant of licenses and permits related to motor vehicles, standards for motor vehicles, and penalties for violation of these provisions. Salient features of the act are as follows: Compensation for road accident victims:The central government will … Read more

DMPQ- What do you understand by the doctrine of separation of power.

Separation of powers is a doctrine of constitutional law under which the three branches of government (executive, legislative, and judicial) are kept separate. This is also known as the system of checks and balances, because each branch is given certain powers so as to check and balance the other branches. Each branch has separate powers, … Read more

DMPQ- What do you mean by “ Inclusive governance”? What are the components of Inclusive governance?

Inclusive Governance covers social and economic inclusion with good governance Parts of Inclusive Governance Non-Banking Financial Companies (NBFCs) have played an irreplaceable role in fuelling the growth of the Indian economy and have made a noteworthy contribution towards supporting the government’s agenda of extending financial inclusion District Planning Committee to consolidate the plans prepared by … Read more