Questions

1. US Navy commissioned world’s largest aircraft carrier, USS Gerald R Ford into the fleet. The commissioning ceremony was held at Naval Station Norfolk, Virginia in presence of US President Donald Trump.

2. USS Gerald R. Ford is the first ship in this new class of nuclear-powered aircraft carriers for the U.S. Navy. The ship is named after the 38th President of the United States Gerald Ford and has been built by Newport News Ship Building Company. The massive 1,106-foot-long carrier is powered by two new generation nuclear reactors.

For the first time in Sri Lanka, the United Nation Vesak Day celebration will be held in Colombo and Kandy from May 12 to 14. Indian Prime Minister Narendra Modi will be the chief guest of the opening ceremony which will be held at BMICH in Colombo while Nepali President Bidhya Devi Bhandari will attend for the closing ceremony which is scheduled to be held at the Sri Dalada Maligawa premises in Kandy.

Caverns are openings in the ground. Some famous caverns in the United States are Mammoth Cave, Carlsbad Caverns, Wind Cave, and Luray Caverns.

When rainwater trickles down through the soil, it carries carbon dioxide from the air with it. This turns acidic as it moves through the soil, joining with carbon from decaying plants. This acidic rainwater then eats away at, or erodes, the rock under the ground, forming a cave or cavern. For this process to occur, the rock must be the right type; limestone, dolomite, and gypsum are common.

RAROC is a risk-adjusted framework for profitability measurement and profitability management. It is a tool for measuring risk-adjusted financial performance. And it provides a uniform view of profitability across businesses (Strategic Business Units / divisions). RAROC and related concepts such as RORAC and RARORAC are mainly used within (business lines of) banks and insurance companies. RAROC is defined as the ratio of risk-adjusted return to economic capital.

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