Bank PO Questions

Every year on 24th October, United Nations Day is celebrated to commemorate the day of United Nations formation. 

The United Nations is an intergovernmental organization that was tasked to maintain international peace and security, develop friendly relations among nations, achieve international co-operation and be a centre for harmonizing the actions of nations. I was started on 24 October 1945.

In business, outsourcing is an agreement in which one company contracts its own internal activity to different company. It involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party (see also business process outsourcing).

A company moves some of its jobs to another country and employing workers in other countries to save on labor costs best describes the practice of outsourcing.

A partnership is a form of business where two or more people share ownership.

An example of quantitative data is counter which couts the number of people or objects, measurement of physical objects like place length or area, data projection like what value of increase in sales or decrease in production, etc...

The president is responsible for the executive branch of the government. The three branches of the government are :

1. Legislative

2. Executive

3. Judicial

Economic costs add the opportunity costs of a firm using its own resources while accounting costs do not.