1546. State the correct position in a missing assured death claim

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Payment is subject to an order from a competent court of law
Payment will depend on the policy status as on the date of the court order
Seven year waiting period is as per the Indian Evidence Act
All of the above
✅ The correct answer is D.
All the statements are correct.
Payment is subject to an order from a competent court of law, Payment will depend on the policy status as on the date of the court order and Seven year waiting period is as per the Indian Evidence Act.

1545. Exclusions in a health insurance policy mean

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Diseases covered under health cover
Diseases specifically not covered
Both A & B
None of the above
✅ The correct answer is B.
Exclusions in a health insurance policy mean diseases specifically not covered. An exclusion is a provision within an insurance policy that eliminates coverage for certain acts, property, types of damage or locations.

1544. Constant growth model would not be used in condition if growth rate is

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greater than dividend paid
equal to realized rate of return
less than realized rate of return
greater than realized rate of return
✅ The correct answer is D.
Constant growth model would not be used in condition if growth rate is greater than realized rate of return. A real rate of return is the annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other external factors.

136. Legal expenses incurred on a suit for breach of contract to supply goods is a

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Capital expenditure
Deferred Revenue expenditure
Revenue expenditure
Both ‘b’ and ‘c’
✅ The correct answer is C.
Legal expenses incurred on a suit for breach of contract to supply goods is a Revenue expenditure. A revenue expenditure is a cost that will be an expense in the accounting period when the expenditure takes place.

1541. Which co-operative societies are helpful to their members in purchasing land and constructing houses?

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Consumers
Producers
Marketing
Housing
✅ The correct answer is D.
Housing co-operative societies are helpful to their members in purchasing land and constructing houses. These societies are formed to provide residential houses to members. They purchase land, develop it and construct houses or flats and allot the same to members. Some societies also provide loans at low rate of interest to members to construct their own houses.

1538. Work measurement method of cost estimation is also called

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price engineering method
industrial engineering method
measuring engineering method
unit engineering method
✅ The correct answer is B.
Work measurement method of cost estimation is also called industrial engineering method. Industrial engineering method is a physical way of examining the relationship between cost drivers and costs by analyzing the inputs coming into the company, the outputs that are created, and the work that goes into the process.

1537. TVC curve

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Starts from origin
Does not start from origin
Is parallel to Y-axis
None of the above
✅ The correct answer is A.
TVC curve starts from origin. TVC starts from origin which shows TVC is zero when output is zero. TC curve is derived by adding the TFC and TVC curve.