Questions

Ornate means which is beautiful, lavish one. Opposite of Ornate is ugly, offensive, dull or plain.

Business cycles are identified as having four distinct phases:

1. Expansion,

2. Peak,

3. Contraction, and

4. Trough.

Expansion is the phase of the business cycle when the economy moves from a trough to a peak. It is a period when the level of business activity surges and gross domestic product (GDP) expands until it reaches a peak. A period of expansion is also known as an economic recovery.

An expansion is characterized by increasing employment, economic growth, and upward pressure on prices.

KPMG in India announced the election of Arun M. Kumar as Chairman and Chief Executive Officer of the firm for a five-year term, on February 5, 2017.
Arun Kumar succeeds Richard Rekhy, who led the firm as CEO for over four years. Arun Kumar was elected by the KPMG India Board and ratified by the India Partners. The firm executed a well-defined governance process for the selection of the CEO that aligns with the objective of building on its success as well as attracting the best talent available for this role. Arun Kumar brings a wealth of international leadership experience to KPMG India, including his tenure in public service in the United States for the last three years as Assistant Secretary of Commerce for Global Markets and Director General of US and Foreign Commercial Service in the Obama Administration.

Rights guaranteed by law, is the best description of Civil liberties.

Civil liberties are also called as personal freedoms. They are personal guarantees and freedoms that the government cannot abridge, either by law or by judicial interpretation, without due process.

The main difference lies in the motive of the two parties. The main motive of the hedger is to hedge(minimize) the risk from the occurence of some events. 

The motive of the speculator is to gamble in the market in order to make the profit by buying/selling the derivative products.