The President has the power to grant pardon, where punishment or sentence is given by a Court Martial.

The President can grant pardon in all cases where there is a death sentence.

The Court’s power of judicial review is very limited in relation to the decision of the President on mercy petition.

The power to grant pardon by the President is the power that the sovereign never exercise against its down judicial mandate.

The Dominion of India got the residuary territory of India, excluding the provinces of Sind, Baluchistan, West Punjab, East Bengal and NWFP.

The Act sought to lay down a Constitution by the Legislative will of the British Parliament.

The Act proposed to set up two independent Dominions.

The Constituent Assembly of each Dominion was to have unlimited power to frame and adopt any Constitution.

NI – undistributed profits – net interest payments made by households – corporate tax + transfer payments to the households from the government and firms

NI – undistributed profits −corporate tax + transfer payments to the households from the government and firms

Undistributed profits – net interest payments made by households + transfer payments to the households from the government and firms

Undistributed profits – net interest payments made by households – corporate tax

CU (currency notes + coins) + DD (net demand deposits held by commercial banks)

CU + DD + saving deposits with post office savings banks

CU + DD + net time deposits of commercial banks

CU + DD + net time deposits of commercial banks + total deposits of post offices

High marginal propensity to consume

Low marginal propensity to consume

High marginal propensity to invest

Low marginal propensity to save