1391. Type of provision which allows an orderly retirement of an issued bond which is classified as

by
whole call provision
super fund provision
floating fund provision
sinking fund provision
✅ The correct answer is D.
Type of provision which allows an orderly retirement of an issued bond which is classified as sinking fund provision. A sinking fund is a fund established by an economic entity by setting aside revenue over a period of time to fund a future capital expense, or repayment of a long-term debt.

1389. Process of comparing company results with other leading firms is considered as

by
comparison
analysis
benchmarking
return analysis
✅ The correct answer is C.
Process of comparing company results with other leading firms is considered as benchmarking. Benchmarking is a process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in the industry, aka “best in class.”

1388. Utility means

by
Power to satisfy a want
Usefulness
Willingness of a person
Harmfulness
✅ The correct answer is A.
Utility means power to satisfy a want. It is a quality possessed by a commodity or service to satisfy human wants. Utility can also be defined as value-in-use of a commodity because the satisfaction which we get from the consumption of a commodity is its value-in-use.

1387. Information which is reflected in current market prices with help of past price movements is classified as

by
market efficiency
semi strong efficiency
weak form efficiency
strong form efficiency
✅ The correct answer is C.
Information which is reflected in current market prices with help of past price movements is classified as weak form efficiency. Weak form efficiency states that past prices, historical values and trends can’t predict future prices. Weak form efficiency is an element of efficient market hypothesis. Weak form efficiency states that stock prices reflect all current information.

1386. If the demand for a commodity is inelastic, an increase in its pice will cause the total expenditure of the consumers of the commodity to

by
Remain the same
Increase
Decrease
Any of the above
✅ The correct answer is B.
If the demand for a commodity is inelastic, an increase in its pice will cause the total expenditure of the consumers of the commodity to Increase. When demand is inelastic, a fall in the price of a commodity leads to fall in total expenditure on it. On the other hand, when price increases, total expenditure also increases.

1382. Total common equity divided by common shares outstanding which is used to calculate

by
book value of share
market value of shares
earning per share
dividends per share
✅ The correct answer is A.
Total common equity divided by common shares outstanding which is used to calculate book value of share. The book value per share formula is used to calculate the per share value of a company based on its equity available to common shareholders.