Checks and balances are crucial to uphold the democratic principle of separating powers among the executive, legislative, and judicial branches. This prevents any single branch from gaining excessive power and guards against authoritarian rule.
- (a): Irrelevant to checks and balances, which concern representative government.
- (c): Checks and balances govern, but they don't directly stop constitutional amendments.
- (d): Conflicts with the goal of checks and balances, which is to share power, not concentrate it.
Read the following sources of loan carefully and choose the correct option related to formal sources of credit:
(i) Commercial Bank
(ii) Landlords
(iii) Government
(iv) Money Lende