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Q:

The single-step income statement emphasizes

A) the various components of income from continuing operations B) extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement
C) total revenues and total expenses D) the gross profit figure
 
Answer & Explanation Answer: C) total revenues and total expenses

Explanation:

The single-step income statement emphasizes


1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.

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Filed Under: Indian Economy
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk , Analyst

8 3994
Q:

Leverage enables currency traders to do which of the following?

 

A) Reduce the risk of losing money   B) Force foreign governments to print more money
C) Make large currency trades using small amounts of money D)  Buy currencies before they are available to the public
 
Answer & Explanation Answer: C) Make large currency trades using small amounts of money

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is a war-related dance?

 

A) Kathakali of Kerala B) Bamboo dance of Meghalaya
C) Chhau of Mayurbhanj D) Bhangra of Panjab
 
Answer & Explanation Answer: C) Chhau of Mayurbhanj

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

0 3993
Q:

The inequality between day and night becomes greater or more marked as one travels from _______ to _________

A) Poles, Equator B) Equator, Poles
C) Tropic of Cancer, Tropic of Capricorn D) Tropic of Capricorn, Tropic of Cancer
 
Answer & Explanation Answer: B) Equator, Poles

Explanation:
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Filed Under: World Geography

3 3993
Q:

What is a 'Cosmic year'?

Answer

The time taken for the earth and the solar system to complete one journey round the Milky Way.

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Subject: General Science

12 3991
Q:

The firm which leads the list of 54 indian firms in the recently released Forbes 'Global 2000' list

Answer

Reliance Industries 

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Subject: General Awareness

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Q:

Pandit Vishwa Mohan Bhatt who has won the prestigious ' Grammy Awards ' is an exponent in which of the following musical instuments

A) Sarod B) Tabla
C) Violin D) Mohan Veena
 
Answer & Explanation Answer: D) Mohan Veena

Explanation:
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Filed Under: Famous Personalities

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Q:

You have started your own company based upon PMI methodologies and have been contracted by the government to develope a new interface for one of its computer applications. You develope a solution and win the bid for the contract but encounter problems at the end of the project when the customer says that you did not fullfill their needs. You are throughly shocked. What is your conclusion of the situation?

A) There are always more customers available B) If the customer is not satisfied, the project is not successful
C) Change control management was not effective D) The customer did not communicate very well
 
Answer & Explanation Answer: B) If the customer is not satisfied, the project is not successful

Explanation:

Answer A is incorrect because without satisfied customers, we do not have potential for new projects. Answer C is incorrect because the change control management process would have likely resolved this problem. Answer D is incorrect because it is the project manager's responsibility to seek communication with the customer to set realistic expectations.

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Filed Under: PMP Certification

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