1148. If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

by
1800 units
1500 units
1300 units
1500 units
✅ The correct answer is C.
Equivalent units in current period = Beginning work in process equivalent units + Work done in current period equivalent units – Ending work in process equivalent units
= 2500 + 3800 – 5000 = 1300 units

1147. Which among the following is a wealth accumulation product?

by
Bank Loans
Shares
Term Insurance Policy
Savings Bank Account
✅ The correct answer is B.
Shares is a wealth accumulation product. To build a corpus for long-term goals like buying a house, building a retirement kitty or funding a child’s education, investors must choose products that provide enhanced earning power. This can come in the form of diversified equity funds.

1145. Cost Unit is defined as:

by
Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed
A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control
Centres having the responsibility of generating and maximising profits
Centres concerned with earning an adequate return on investment
✅ The correct answer is A.
Cost Unit is defined as Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed. A cost unit refers to the unit of quantity of product, service or time (or combination of these) in relation to which costs may be ascertained or expressed.

1144. Lesser production of ____ would lead to lesser production in future.

by
Public goods
Consumer goods
Capital goods
Agricultural goods
✅ The correct answer is C.
Lesser production of Capital goods would lead to lesser production in future. Production of both capital and consumer goods is essential for the economy. Capital goods (like plant and machinery) are needed for further production and future growth. Consumer goods are needed for present consumption.

1162. Which of the following is not a medical factor that influence an underwrititer’s decision?

by
Family history
Income
Personal history
Personal characteristics
✅ The correct answer is B.
Personal history is not a medical factor that influence an underwrititer’s decision. Underwriting factors in health insurance are used to estimate how likely a potential policyholder is to become ill and how much treatment is likely to cost the insurer. Factors include age, height, weight, preexisting conditions and so forth.

1160. Markets for products such as wheat, rice, cotton, real estate and autos dealing is classified as

by
physical asset markets
intangible assets
competitive markets
easy markets
✅ The correct answer is A.
Markets for products such as wheat, rice, cotton, real estate and autos dealing is classified as physical asset markets. Physical asset markets are for physical products such as wheat, autos, real estate, computers, and machinery.

1159. Business owned by a single person in unincorporated way is called

by
proprietorship
personal business
Private Corporation
personal ownership
✅ The correct answer is A.
Business owned by a single person in unincorporated way and self controlled is called proprietorship. A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run or managed by single person and in which there is no legal distinction between the owner and the business entity.