1562. The return of shares to the company is known as ___________.

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Surrender of shares
Transmission of shares
Redeemable shares
Irredeemable shares
✅ The correct answer is A.
The return of shares to the company is known as Surrender of shares. Surrender of shares means the return of shares by the shareholder to the company for cancellation. Holder in this case voluntarily abandons all his shares in favour of the company.

1556. Identify the correct option out of the following.

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Licence for agency is issued by the Insurance company
Licence for a non-life insurance agency is issued by SEBI
Life Insurance agency licence is issued by Life Insurance Council
Agency licence in all cases is issued by the IRDA through the Designated Parson of the Insurer
✅ The correct answer is D.
Agency licence in all cases is issued by the IRDA through the Designated Parson of the Insurer.

1554. An example of rework is

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short lengths from wood work
defective aluminium cans recycled by manufacturer
detection of defective pieces before shipment
none of above
✅ The correct answer is C.
An example of rework is detection of defective pieces before shipment. Rework refers to the correction of a product that does not initially meet an entity’s minimum quality standards.

1550. Stock issued by company have lower rate of return because of

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high market to book ratio
low book to market ratio
low market to book ratio
high book to market ratio
✅ The correct answer is B.
Stock issued by company have lower rate of return because of low book to market ratio. The book-to-market ratio is used to find a company’s value by comparing its book value to its market value.

1548. In commercial contracts, the principle to be observed is

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Caveat Emptor
Indemnity
Proximity
Uberrima Fides
✅ The correct answer is A.
In commercial contracts, the principle to be observed is Caveat Emptor. Caveat emptor is a Latin term that means “let the buyer beware.” Similar to the phrase “sold as is,” this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.