Personal Ledger Account
Refund account
Electronic Cash Ledger
Electronic Credit Ledger
✅ The correct answer is D.
1155. 50 units are processed at a cost of Rs 80, normal loss is 10%, each unit carries a scrap value of 25 paise If output is 40 units, the value of abnormal loss will be _________.
Rs. 1.25
Rs. 8.00
Rs. 8.75
Rs. 8.88
✅ The correct answer is C.
VALUE OF ABNORMAL LOSS = (Total cost – scrap value)/No of unit produced × Abnormal Issue
VALUE OF ABNORMAL LOSS = (Total cost – scrap value)/No of unit produced × Abnormal Issue
=(80-(5×.25))/(50-5) × 5
=8.75
1153. The difference between the cash price and the futures price on the same asset or commodity is known as the________________.
basis
spread
yield spread
premium
✅ The correct answer is A.
The difference between the cash price and the futures price on the same asset or commodity is known as the basis. It is a crucial concept for portfolio managers and traders because this relationship between cash and futures prices affects the value of the contracts used in hedging.
The difference between the cash price and the futures price on the same asset or commodity is known as the basis. It is a crucial concept for portfolio managers and traders because this relationship between cash and futures prices affects the value of the contracts used in hedging.
103. The closing balance of petty cash book is considered as
Liability
Asset
Expenses
Income
✅ The correct answer is B.
The closing balance of petty cash book is considered as Asset. Petty Cash is a current asset account; it is part of a company’s cash.
The closing balance of petty cash book is considered as Asset. Petty Cash is a current asset account; it is part of a company’s cash.
1149. Market risk is best measured by the____________.
alpha
beta
standard deviation
coefficient of variation
✅ The correct answer is B.
Market risk is best measured by the beta. Market risk is the possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets in which he or she is involved.
Market risk is best measured by the beta. Market risk is the possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets in which he or she is involved.
1132. Set of rules made by corporation founders such as directors election procedure are classified as
stock laws
by laws
liability laws
corporate laws
✅ The correct answer is B.
Set of rules made by corporation founders such as directors election procedure are classified as by laws. Corporate bylaws (sometimes spelled “by-laws”) are the rules of a corporation, established by the board of directors during the process of starting a corporation. When a corporation is formed (a process called incorporation), one of the first tasks of the new corporation is to have corporate bylaws formed.
Set of rules made by corporation founders such as directors election procedure are classified as by laws. Corporate bylaws (sometimes spelled “by-laws”) are the rules of a corporation, established by the board of directors during the process of starting a corporation. When a corporation is formed (a process called incorporation), one of the first tasks of the new corporation is to have corporate bylaws formed.
1130. Cause and effect relationship between activity and costs is result of
contractual agreement
knowledge of operations
measureable unit relationship
all of above
✅ The correct answer is D.
Cause and effect relationship between activity and costs is result of contractual agreement, knowledge of operations and measureable unit relationship.
Cause and effect relationship between activity and costs is result of contractual agreement, knowledge of operations and measureable unit relationship.
1128. A worm is designed to spread _________.
from computer to computer
from file to file on a computer
from Web site to Web site
from Web site to computer
✅ The correct answer is A.
A worm is designed to spread from computer to computer. A computer worm is a standalone malware computer program that replicates itself in order to spread to other computers. Often, it uses a computer network to spread itself, relying on security failures on the target computer to access it.
A worm is designed to spread from computer to computer. A computer worm is a standalone malware computer program that replicates itself in order to spread to other computers. Often, it uses a computer network to spread itself, relying on security failures on the target computer to access it.
1126. Policy Allocation Charge would be _________ in the initial years.
High
Low
Moderate
None of the three
✅ The correct answer is A.
Policy Allocation Charge would be high in the initial years.
This is deducted from the premium upfront. It is a percentage of the premium appropriated towards charges before allocating the units under the policy. This charge is levied to recover the initial expense incurred towards issuing the policy such as the distributor fee and the cost of underwriting. The balance is the investable amount used to purchase units of the funds chosen by the policyholder. Though the Insurance and Regulatory and Development Authority, or IRDA, has set guidelines that ensure a cap on these charges from the fifth year onwards, the premium allocation charges in the first few years continue to remain significantly high.
Policy Allocation Charge would be high in the initial years.
This is deducted from the premium upfront. It is a percentage of the premium appropriated towards charges before allocating the units under the policy. This charge is levied to recover the initial expense incurred towards issuing the policy such as the distributor fee and the cost of underwriting. The balance is the investable amount used to purchase units of the funds chosen by the policyholder. Though the Insurance and Regulatory and Development Authority, or IRDA, has set guidelines that ensure a cap on these charges from the fifth year onwards, the premium allocation charges in the first few years continue to remain significantly high.
1125. An assumption, which states that there must be linear relationship between independent variable and dependent variable is
irrelevant range of linearity
relevant range of linearity
significant range
insignificant range
✅ The correct answer is B.
An assumption, which states that there must be linear relationship between independent variable and dependent variable is relevant range of linearity.
An assumption, which states that there must be linear relationship between independent variable and dependent variable is relevant range of linearity.