1133. A profit centre is a centre ____________.

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Where the manager has the responsibility of generating and maximising profits
Which is concerned with earning an adequate Return on Investment
Both of the above
Which manages cost
✅ The correct answer is A.
A profit centre is a centre where the manager has the responsibility of generating and maximising profits. In a profit centre, the manager has the responsibility and the authority to make decisions that affect both costs and revenues (and thus profits) for the department or division. The main purpose of a profit centre is to earn profit. Profit centre managers aim at both the production and marketing of a product.

1127. When a transfer of shares takes place by the operation of law, it is known as ____________.

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Surrender of shares
Transmission of shares
Redeemable shares
Irredeemable shares
✅ The correct answer is B.
When a transfer of shares takes place by the operation of law, it is known as Transmission of shares. The transmission of shares occurs due to the operation of law i.e. in case if the member passes away or becomes insolvent/lunatic.

1110. When two portfolios have identical values and payoffs then it is classified as

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binomial parity relationship
put parity relationship
put option parity relationship
put call parity relationship
✅ The correct answer is D.
When two portfolios have identical values and payoffs then it is classified as put call parity relationship. Put-call parity is a principle that defines the relationship between the price of European put options and European call options of the same class, that is, with the same underlying asset, strike price, and expiration date.

1124. ________ decision relates to the determination of total amount of assets to be held in the firm.

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Financing
Investment
Dividend
Controlling
✅ The correct answer is B.
Investment decision begins with a determination of the total amount of assets needed to be held by the firm. In other words, investment decision relates to the selection of assets, on which a firm will invest funds.

1122. In cash flow estimation, depreciation shelters company’s income from

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expansion
salvages
taxation
discounts
✅ The correct answer is C.
In cash flow estimation, depreciation shelters company’s income from taxation. Cash flow indicates a cash outflow and cash inflows. It is necessary to estimate the cash flow in the process of analyzing investment proposal. While analyzing the cash flow, it is also necessary to estimate the cash outflow as well as cash inflow.

1121. What is the most commonly offered interactive feature of newspaper Web sites?

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video
comments on blogs
RSS feeds
podcasts
✅ The correct answer is C.
RSS feeds is the most commonly offered interactive feature of newspaper Web sites. RSS (Really Simple Syndication) and Atom are two specialized formats that create what’s commonly called a news feed, or just feed. A feed is an easy way for sites to share headlines and stories so that you can read them without having to visit two dozen different web pages everyday.