CAT Questions

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   Q(f)      -     O(m)

 (Tennis)      (Basketball)

              |

             R(m)  -   N(f) 

           (Golf)     (Hockey)

                      |

               M              P(m)

        (Cricketer)      (Football)

Answer   1: Can't be determined because M may be Grandson or Grand daughter of Q.

Answer   2: Q plays Tennis.

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.

The 1st country in Asia to legalise same-sex marriage is Taiwan.

Prime Minister Narendra Modi inaugurated India's first Multi-Modal Terminal on The Ganga river.

20 August, the birth anniversary of Rajiv Gandhi, which is celebrated as Sadbhavna Diwas (Harmony Day). Sadbhavana Diwas commemorates the memory of our late erstwhile Prime Minister, Rajiv Gandhi.

Isotopes are variations of an element that have the same charge as the original element, but a different mass, which is caused by either more/less neutrons in the nucleus.

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.