Questions

Net working capital is defined as the aggregate of the current liabilities and current assets i.e, it measures the company's ability to pay off its current liabilities with in the current assets.

The rank of 2nd Lieutenant/Act. Sub Lieutenant/Pilot Officer were removed because the salary of the officers holding these ranks were less compared to senior Non-Commissioned Officers i.e Subedar Major in army, Master Warrant Officer in air force and Master Chief Petty Officer -1st Class in navy.

Rest of the statements are incorrect.In modern armies, lieutenant general normally ranks immediately below general and above major general; it is equivalent to the navy rank of vice admiral, and in air forces with a separate rank structure, it is equivalent to air marshal.