The financial results of banks and other organisations normally are expressed in quarters. What does Q-1 mean?
A
Results of January-March
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B
Performance during April-June
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C
Profits during July-September
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D
The period when the profits are highest
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Solution
The correct option is B Performance during April-June First Quarter (Q1) : April-June Second Quarter (Q2) : July-September Third Quarter (Q3) : October-December Fourth Quarter (Q4) : January-March