In What Year Did India Gain Its Independence from Britain

question 53

Multiple Choice

In what year did India gain its independence from Britain?

• A) 1914
• B) 1947
• C) 1938
• D) 1959

---

Definitions:

Asset Purchase

A transaction where a buyer acquires specific assets and liabilities from a seller rather than buying the company's stock.

Federal Law

Laws passed by the United States Congress and signed by the President. Federal laws apply throughout the country, overriding state laws where conflicts occur.

Domestic Corporations

Companies that are incorporated (i.e., formed under the corporate laws) in and operate within the country in which they were founded.

Board of Directors

A group of individuals elected to represent shareholders and govern the affairs of a corporation.