Questions

Achal Kumar Jyoti (64), a retired 1975 IAS Officer batch of Gujarat Cadre, is the newly appointed Chief Election Commissioner (CEC), who took over as the head of the Election Commission in New Delhi on today. He succeeded Dr Nasim Zaidi. Jyoti will continue as the Chief Election Commissioner till January 17, 2018. Prior to this appointment, he was Election Commissioner of India. A CEC or an EC can have a tenure of six years or hold office till the age of 65 years, whichever is earlier.

Surekha Marandi has been appointed as the new Executive Director (ED) of Reserve Bank of India (RBI). She succeeded U S Paliwal, who retired on December 31, 2016.

Green land is the largest of all the Islands.It is a part of North America

The largest proportion of federal revenues comes from personal income taxes. Almost half of all federal revenue (47 percent) comes from individual income taxes.

The single-step income statement emphasizes

1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.