Is it possible to create multiple timers in node.js for multiple independent tasks?

Is it possible to create multiple timers in node.js for multiple
independent tasks?

References

Reference NO 1

http://stackoverflow.com/questions/15166080/is-it-possible-to-create-multiple-timers-in-node-js-for-multiple-independent-tas

Reference NO 2

http://stackoverflow.com/questions/15500352/multi-threading-in-node-js

Reference NO 3

http://javascript.info/tutorial/settimeout-setinterval

Reference NO 4

http://webapplog.com/asynchronicity-in-node-js/

Reference NO 5

http://nodejs.org/changelog.html

Reference NO 6

http://blog.argteam.com/category/node-js/

Reference NO 7

http://flippinawesome.org/2013/07/15/soma-js-your-way-out-of-chaotic-javascript/

Reference NO 8

http://aphyr.com/posts/244-context-switches-and-serialization-in-node