Questions

Temperate Cyclones are cyclones of mid-latitudes and hence are primarily under influence of permanent winds of mid-latitudes i.e. westerlies. Their movement is therefore eastwards of their origin with average velocity of 32km per hour in summers and 48km per hour in winters.

Movement of Tropical CyclonesNormally, they move from east to west under the influence of trade winds because trade winds are permanent winds of tropical latitudes. The general direction is therefore westwards from their origin. They advance with varying velocities. Weak cyclones move at the speed of about 32km per hour while hurricanes attain the velocity of 180km per hour or more.

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.

The given sentence is in simple present tense and states a general fact, hence the latter half of the sentence with the blank will also be in the simple present tense. Since the subject in the latter part of the sentence is singular .i.e. 'the number', the verb will be followed accordingly. Hence, option 4 is the correct answer.