Exams

Mercantilism was the principle that wealth of a nation comes from trading with other nations and also comes by imposing government regulations on all of the nation's economic interests.

The main principles of mercantilism:

• the country's wealth is determined by the amount of precious metals in the country,

• Wealth is created in business relations (International Trade)

• The goal is an active trade balance of trade,

• to serve protectionism, government subsidies and the issue of protective tariffs.

The council of ministers is collectively responsible to House of the People. Cabinet collective responsibility, also known as collective ministerial responsibility, is a constitutional convention in Parliamentary systems that members of the cabinet must publicly support all governmental decisions made in Cabinet, even if they do not privately agree with them.

The United Nations is an intergovernmental organization tasked with maintaining international peace and security, developing friendly relations among nations, achieving international co-operation, and being a centre for harmonizing the actions of nations. It was established in the year 1945 on October 24th. Its headquarters are in NewYork, US. India is one of the founder countries along with US, Venezuela, Australia, Brazil, Canada, UK, France, etc... in 1945 before Independence itself.