CAT Questions

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On the right corner of the mother board RAM is located in a computer.

OTT stands for 'Over-The-Top' is a term in media industry for the delivery of film and TV content via internet. It doen't require any users to subscribe to a traditional cable or satellite pay TV service.

Examples for OTT players include Netflix and Amazon Prime.

The process of absorbtion of rain water by the soil on the earth is called infiltration. By this process, the rain water that falls on the soil becomes ground water.

The ozone gas present in the atmosphere absorb ultraviolet radiation. It is spread as a ozone layer throughout the stratosphere.

A negative supply shock in the sho rt run causes the aggregate supply curve to shift to the left.

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.