Bank Clerk Questions

Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies.

Financial Reporting is very important and critical task of an organization. It is vital part of Corporate Governance.

The objectives & purposes of financial reporting :–

* Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making.

* Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc.

* Providing information to shareholders & public at large in case of listed companies about various aspects of an organization.

* Providing information about the economic resources of an organization, claims to those resources (liabilities & owner’s equity) and how these resources and claims have undergone change over a period of time.

* Providing information as to how an organization is procuring & using various resources.

* Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities.

* Providing information to the statutory auditors which in turn facilitates audit.

* Enhancing social welfare by looking into the interest of employees, trade union & Government.

Ethylene Glycol is an antifreeze is an additive which lowers the freezing point of a water-based liquid and increases its boiling point. 

Sir William Herschel discovered Infra-red radiation in 1800.

Haryana state government has recently decided to rename Child Care Institutes as Jagannath Ashrams.

The sun moves around and in the house, but cannot touch the house.

Market failure arises because it is not possible for the market to correctly weight cost and benefits in a situation in which some of the cost is completely unaccounted.

Demand-side market failures happen when demand curves do not reflect consumer’s full willingness to pay for goods or services.

Supply-side market failures occur when supply curves do not reflect the full cost of producing a good or services.

Rashid Khan a bowler from Afghanistan, has become the first-ever bowler in T20I history to pick 4 wickets in 4 balls.

We know that, largest producer of tea is China and largest producer of sugar is Brazil. So we can violate options A, C and D.

Hence, India is the largest producer and consumer of Pulses.