989. Cashless facility means –

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Insured need not carry cash on hand and he can settle medical bills thro’ debit card
Insured has to pay bills and take reimbursement later
Hospital (Network provider) would directly get the bills settled by the insurer
None of the above
✅ The correct answer is C.
Cashless policies mean that the health insurance company settles the bill directly with healthcare provider, whether a hospital or a nursing home. This is to reduce the direct financial burden on insured individual at the time of hospitalization.

988. If coupon rate is less than going rate of interest then bond will be sold

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seasoned par value
more than its par value
seasoned par value
at par value
✅ The correct answer is B.
If coupon rate is less than going rate of interest then bond will be sold more than its par value. Most bonds have fixed coupon rates, meaning that no matter what the national interest rate may be and regardless of marker fluctuation the annual coupon payments remain static.

987. An interest rate which is used in calculation of cash flows of bonds is called

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required rate of redemption
required rate of earning
required rate of return
required option
✅ The correct answer is C.
An interest rate which is used in calculation of cash flows of bonds is called required rate of return. The required rate of return is the minimum return an investor expects to achieve by investing in a project. An investor typically sets the required rate of return by adding a risk premium to the interest percentage that could be gained by investing excess funds in a risk-free investment.

986. Which of the following is the assumption of the MM model on dividend policy?

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The firm is an all-equity firm
The investments of the firm are financed solely by retained earnings
The firm has an infinite life
None of the above
✅ The correct answer is C.
The firm has an infinite life is the assumption of the MM model on dividend policy. According to Miller and Modigliani Hypothesis or MM Approach, dividend policy has no effect on the price of the shares of the firm and believes that it is the investment policy that increases the firm’s share value.

984. As per IRDA norms, which of the following non-traditional saving life insurance products are permitted in India? I. Unit Linked Insurance Plan II. Variable Insurance Plan

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Only I
Only II
Both I and II
Neither I nor II
✅ The correct answer is C.
As per IRDA norms, both products are permitted in India.
A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.
Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash value account, which is invested in a number of sub-accounts available in the policy. A sub-account acts similar to a mutual fund, except it’s only available within a variable life insurance policy.

979. Ceteris Paribus means

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Other things remaining same
All variables are independent
Enable economists to simplify reality
That no other assumptions are made
✅ The correct answer is A.
Ceteris Paribus means other things remaining same. The Latin phrase ceteris paribus – literally, “holding other things constant” – is commonly translated as “all else being equal.” A dominant assumption in mainstream economic thinking, it acts as a shorthand indication of the effect of one economic variable on another, provided all other variables remain the same.

961. The _________ co-operatives are associations of producers for selling their products at remunerative prices.

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Consumers
Producers
Marketing
Housing
✅ The correct answer is C.
The Marketing co-operatives are associations of producers for selling their products at remunerative prices. These are voluntary associations of independent producers who want to sell their output at remunerative prices.

960. In time value of money, nominal rate is

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not shown on timeline
shown on timeline
multiplied on timeline
divided on timeline
✅ The correct answer is A.
In time value of money, nominal rate is not shown on timeline. The time value of money (TVM) is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity.

959. Second factor in Fama French three factor model is the

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size of industry
size of market
size of company
size of portfolio
✅ The correct answer is C.
Second factor in Fama French three factor model is the size of company. The Fama and French model has three factors: size of firms, book-to-market values and excess return on the market. In other words, the three factors used are SMB (small minus big), HML (high minus low) and the portfolio’s return less the risk free rate of return.