928. Quantity demanded is a

by
Flow concept
Stock concept
Both ‘a’ and ‘b’
None of the above
✅ The correct answer is A.
Quantity demanded is a Flow concept. The quantity of the current production of a commodity which moves from a factory to the market is called flow. The aggregates of macroeconomics are of two kinds some are stocks, typically the stock of capital ‘k’ which is a timeless concept.

927. Larger production of ___ goods would lead to higher production in future

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Consumer goods
Capital goods
Agricultural goods
Public goods
✅ The correct answer is B.
Larger production of Capital goods goods would lead to higher production in future. If investment in capital good increases ,in turn it further increases the production of consumer goods in the long run. So, if an economy is investing more in capital goods, it shows signs of growth in near future, an increase in GDP.

925. “A clause precluding death due to pregnancy for a lady who is expecting at the time of writing the contract” will be included in which section of a standard policy document?

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Policy schedule
General provisions
Standard provisions
Specific policy provisions
✅ The correct answer is D.
“A clause precluding death due to pregnancy for a lady who is expecting at the time of writing the contract” will be included in Specific policy provisions.

924. A cost unit is ________.

by
the cost per machine hour
the cost per labour hour
a unit of production or service in relation to which costs are ascertained
a measure of work output in a standard hour
✅ The correct answer is C.
A cost unit is a unit of production or service in relation to which costs are ascertained. 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.

923. According to the _______ model, the dividend decision is irrelevant.

by
MM
Garden
Walter
XY
✅ The correct answer is A.
According to the MM model, the dividend decision is irrelevant. Modigliani and Miller suggested that in a perfect world with no taxes or bankruptcy cost, the dividend policy is irrelevant. They proposed that the dividend policy of a company has no effect on the stock price of a company or the company’s capital structure.

83. In depreciation calculation, the useful life of a fixed asset is:

by
a certain figure
an estimate
a predetermined figure for all fixed assets
Answer: Option B
✅ The correct answer is B.
In depreciation calculation, the useful life of a fixed asset is an estimate. Depreciation is “the systematic and rational allocation of the acquisition cost of an asset, less its estimated salvage value or residual value, over the assets estimated useful life.” Simply said, it’s a way of allocating a portion of the cost of an asset over the period it can be used.

919. Type of spoilage, which is considered as controllable and can be avoided is called

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abnormal spoilage
normal spoilage
transferred-in spoilage
transferred-out spoilage
✅ The correct answer is A.
Type of spoilage, which is considered as controllable and can be avoided is called abnormal spoilage. Abnormal spoilage is the amount of waste or destruction of inventory beyond what is expected in normal business processes.