CAT Questions

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The earth receives energy from the Sun in the form of radiation . The Earth reflects about 30% of the incoming solar radiation. In polar areas, solar radiation strikes earth at a low angle. The more acute the angle at which the sunlight strikes, the more atmosphere that sunlight must pass through.

The words "asset" and "liability" are two very common words in accounting. Liabilities are legally binding obligations that are payable to another person or entity. Accounts payable, loans, mortgages, deferred revenue,... come under liabilities.

Every year November 16th is observed as National Press Day all over India.