1476. The _________ co-operative societies are established for the benefit of small producers.

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Consumers
Producers
Marketing
Housing
✅ The correct answer is B.
The Producers co-operative societies are established for the benefit of small producers. To protect the interest of small producers, these societies are set up. The co-operative society members may be farmers, landowners, owners of the fishing operations. To increase the marketing possibilities and production efficiency, producers decide to work together or as separate entities.

130. The purchase price of a software that will be used for more than 12 months should be regarded as

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a revenue expenditure
a capital expenditure
a long term expense
an accounting period expense
✅ The correct answer is B.
The purchase price of a software that will be used for more than 12 months should be regarded as a capital expenditure. It is considered a capital expenditure when the asset is newly purchased or when money is used towards extending the useful life of an existing asset.

1491. All of the following are types of intellectual property protection except_______.

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patents
trademarks
governance
copyrights
✅ The correct answer is C.
All of the following are types of intellectual property protection except governance. Governance encompasses the system by which an organisation is controlled and operates, and the mechanisms by which it, and its people, are held to account.

1490. To make accurate statistical estimates, insurance risks must be handled as per the law of

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Inertia
Large numbers
Large groups
None of the above
✅ The correct answer is B.
To make accurate statistical estimates, insurance risks must be handled as per the law of large numbers. In the insurance industry, the law of large numbers produces its own axiom. As the number of exposure units, or policyholders, increases, the probability is higher that the actual loss per exposure unit will equal the expected loss per exposure unit.

1489. Economies of scale are of two kinds

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Temporary and permanent
Internal and external
Managerial and industrial
Natural and artificial
✅ The correct answer is B.
Economies of scale are of two kinds Internal and external. Internal economies of scale are firm-specific or caused internally while external economies of scale occur based on larger changes outside the firm. Both result in declining marginal costs of production, yet the net effect is the same.

1486. In capital budgeting, cost of capital is used as discount rate and is based on pre-determines

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cost of inflation
cost of debt and equity
cost of opportunity
cost of transaction
✅ The correct answer is B.
In capital budgeting, cost of capital is used as discount rate and is based on pre-determines cost of debt and equity. Cost of debt refers to the effective rate a company pays on its current debt. The cost of equity is the return a company requires to decide if an investment meets capital return requirements.