Questions

Considering that citizens accused of crimes in the United States have the right to have their case heard in front of a jury of their peers, the government requires that citizens participate in jury duty. This responsibility is mandatory for individuals who are called on to serve. Failure to serve will result in legal punishments.

The first municipal corporation was set up in India in the year 1687 at Madras, preceding the Bombay and Delhi municipal corporations.

Swaraj  movement  was  initiated  by Mahatma  Gandhi  which  focuses  on self-rule  or  self-governance  and  is intimately    linked    with    Ahimsa (non-violence)    and    Satyagraha (adherence  to  truth), moreover  it referred to Gandhi’s concept Indian independence   from   British   rule. The movement had two meanings, political  and  non-political.  It  was political   in   the   sense   that   it opposed being ruled by foreigners, and  non-political  in  the  sense  that every  person  has  right  to  be  ruled by  himself  or  herself.  Swaraj  is  a virtue    which    need    time    and patience  to  achieve  and  cannot  be obtained easily and quickly

Manu Sawhney, the former CEO of Singapore Sports Hub and Managing Director of ESPN Star Sports has been appointed as The International Cricket Council.

The price elasticity of supply measures how the responsiveness of the quantity demanded of a commodity to changes it its prices; defined as the percentage change in quantity demanded divided by the percentage change in price.

A Bank Reconciliation Statement is a statement prepared periodically by a customer to explain the divergence (difference) between the bank balance as per cash book and the bank balance as per Pass Book. It clearly shows the two differing balances and the outstanding items which causes the balances to disagree.

The objective of preparing such a statement is to know the causes of differences between the two balances and pass necessary correcting or adjusting entries in the books of the firm. But it is to be noted that some differences are automatically adjusted. For example - A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm’s account as soon as the cheque is collected.