954. When an underwriter has to be very careful?

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When sum insured is very small
When sum insured is very large
When income is very small
When income is very high
✅ The correct answer is B.
An underwriter is an investment bank that helps companies introduce their new securities to the market. In the insurance business, an underwriter is a company liable for insured losses in return for a fee (premium).

951. In a given scenario, if cost is considered as indirect cost then independent variable will be considered as

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demand allocation base
supply allocation base
cost allocation base
price allocation base
✅ The correct answer is C.
In a given scenario, if cost is considered as indirect cost then independent variable will be considered as cost allocation base. An allocation base is the basis upon which an entity allocates its overhead costs.

949. Which form of market structure is characterised by interdependence in decision-making as between the different competing firms?

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Oligopoly
Perfect competition
Imperfect competition
None of the above
✅ The correct answer is A.
Oligopoly form of market structure is characterised by interdependence in decision-making as between the different competing firms. An oligopoly is a market form wherein a market or industry is dominated by a small number of large sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to higher prices for consumers. Oligopolies have their own market structure.

947. Corporations that buy financial instruments with money accepted from savers are classified as

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debit funds
credit funds
mutual funds
insurance funds
✅ The correct answer is C.
Corporations that buy financial instruments with money accepted from savers are classified as mutual funds. A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities such as stocks, bonds, money market instruments, and other assets.

945. In Unit Linked plan, the Fund Value is a product of which of the following:

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Gross Asset Value & Net Asset Value
Net Asset Value & Premium
Net Asset Value & Charges
Net Asset Value & No. of Units
✅ The correct answer is D.
In Unit Linked plan, the Fund Value is a product of Net Asset Value & No. of Units. A value fund is a fund that follows a value investing strategy and seeks to invest in stocks that are deemed to be undervalued in price based on fundamental characteristics.