1354. Surrender value expressed as a percentage of premiums paid is called –

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Guaranteed surrender value
Special surrender value
Special revival value
Minimum surrender value
✅ The correct answer is A.
Surrender value expressed as a percentage of premiums paid is called Guaranteed surrender value. The guaranteed surrender value is the amount guaranteed to the policy holder in case of voluntary termination of the policy by the policy holder before maturity.

1352. Which of the below statement is incorrect with regards to assignment of an insurance policy?

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In case of Absolute Assignment, in the event of death of the assignee, the title of the policy would pass to the estate of the deceased assignee
The assignment of a life insurance policy implies the act of transferring the rights right, title and interest in the policy (as property) from one person to another
It is necessary that the policyholder must give notice of assignment to the insurer
In case of Absolute Assignment, the policy vests absolutely with the assignee till maturity, except in case of death of the insured during the policy tenure, wherein the policy reverts back to the ben
✅ The correct answer is D.
In case of Absolute Assignment, the policy vests absolutely with the assignee till maturity, except in case of death of the insured during the policy tenure, wherein the policy reverts back to the ben is incorrect with regards to assignment of an insurance policy.

1350. What type of ad appears under a web page?

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pop‐under ad
pop‐up ad
banner ad
discount ad
✅ The correct answer is A.
Pop‐under ad appears under a web page. A type of window that appears behind the browser window of a Web site that a user has visited. In contrast to a pop-up ad, which appears over (on top of) the browser window, a pop-under is less obtrusive as it hides behind other windows.

1348. Costing technique, in which actual direct rates are multiplied to quantity of direct cost inputs is classified as

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priced costing
actual costing
direct costing
indirect costing
✅ The correct answer is B.
Costing technique, in which actual direct rates are multiplied to quantity of direct cost inputs is classified as actual costing. Actual costing is the recording of product costs based on the following factors: Actual cost of materials.

1347. An interest rate which is paid by firm as soon as it issues debt is classified as pre-tax

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term structure
market premium
risk premium
cost of debt
✅ The correct answer is D.
An interest rate which is paid by firm as soon as it issues debt is classified as pre-tax cost of debt. In most cases, this phrase refers to after-tax cost of debt, but it also means the company’s cost of debt before taking taxes into account.

1346. Which of these is a private sector general insurance company in India?

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New India Assurance Company Limited
Bajaj Allianz
National Insurance Company Limited
The Oriental Insurance Company
✅ The correct answer is B.
Bajaj Allianz is a private sector general insurance company in India. Bajaj Allianz General Insurance Company has become one of the top general insurance brands in India. It is the only general insurance company in India to cross the Rs. 100 Crore mark in profit in the last two years.

1345. External factors such as expiration of basic patents and industry competition effect

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patents premium
competition premium
company’s beta
expiry premium
✅ The correct answer is C.
External factors such as expiration of basic patents and industry competition effect company’s beta. A company’s beta is a measure of the volatility, or systematic risk, of a security compared to the broader market.

1343. According to Black Scholes model, call option is well exercised on its

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mid buying date
expiry date
buying date
mid selling date
✅ The correct answer is B.
According to Black Scholes model, call option is well exercised on its expiry date. Black-Scholes is a pricing model used to determine the fair price or theoretical value for a call or a put option based on six variables such as volatility, type of option, underlying stock price, time, strike price, and risk-free rate.