You often see data transfer rates over the Internet measured in Mbps, while local data transfer rates, such as between computers in your home, are measured as MBps. The lowercase b means bit, but an uppercase B means byte.. One byte is worth 8 bits. Therefore, 1 Mb is one-eigth the size of 1 MB.
Statutory interpretation is the act or process of interpreting and applying legislation. It is the principles developed by courts for interpreting statutes. This is also referred to as statutory construction. Sometimes the words of a statute have a plain and straightforward meaning.
This is not a correct question. The correct question would have been what are the sources of law. Law can be derived from many sources and some of them which are widely recognised and accepted by the jurists are Legislation, Precedent, and Custom. Legislation is law which is enacted by a legislative body. When enacted the statute comes into existence and so does the law. Therefore, statutory law would be law which comes into existence through a statute. Precedent means decision of courts which have binding force of law. In India, decisions of Supreme Court have binding force of law and are to be respected as law as per Article 141 of the Constitution.