1340. Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as

continuously variable cost function
fixed cost function
mixed cost function
semi variable cost function
✅ The correct answer is A.
Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as continuously variable cost function. A variable cost is a corporate expense that changes in proportion to production output.

1339. Gross domestic product, world economy strength and level of inflation are factors which is used to determine

market realized return
portfolio realized return
portfolio arbitrage risk
arbitrage theory of return
✅ The correct answer is A.
Gross domestic product, world economy strength and level of inflation are factors which is used to determine market realized return. Realized yield is the actual return earned during the holding period for an investment, and may include dividends, interest payments, and other cash distributions.

1358. Financial security issues by major banks and risk depends on strength of issuer is classified as

negotiable certificate of deposit
mutual funds
U.S treasury bills
commercial paper
✅ The correct answer is A.
Financial security issues by major banks and risk depends on strength of issuer is classified as negotiable certificate of deposit. Financial security refers to the peace of mind you feel when you aren’t worried about your income being enough to cover your expenses. It also means that you have enough money saved to cover emergencies and your future financial goals.

1351. Reversionary bonus is declared as an amount

Per thousand premium paid
Per thousand surplus of the company
Per hundred premium paid
Per thousand sum insured
✅ The correct answer is D.
Reversionary bonus is the bonus declared every year as a percentage of (Guaranteed Maturity Benefit/Sum Assured + Earlier Reversionary Bonuses). It is payable on the death of life assured or maturity of the policy.