The formula for transfer of sovereignty to India in 1947 was known asADurand PlanBMorely-Minto ReformsCMountbatten PlanDWavell PlanAnswer: C. Mountbatten Plan Read Explanation: As per the Mountbatten Plan (June 3, 1947), British Parliament passed the Indian Independence Act on July 18, 1947. In this Act, India and Pakistan were decided as two dominion States with effect from 15 August, 1947. Read more in App