718. Type of stock in which dividends are tied to any particular part of a firm is classified as

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dividend stock
firm part stock
tied stock
tracking stock
✅ The correct answer is D.
Type of stock in which dividends are tied to any particular part of a firm is classified as tracking stock. A tracking stock is an equity issued by a parent company that tracks the financial performance of a particular division. Tracking stocks trade in the open market separately from the parent company’s stock. Gains or losses in the tracking stock price are based only on the division’s performance

716. Which of the following methods of filing do you recommend for a large size undertaking?

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Pigeon hole system
Spike files
Box files
Vertical filing
✅ The correct answer is D.
Vertical filing methods are recommend for a large size undertaking. Vertical filing indicates the vertical position of the files. The files are kept in a standing position under this method. Vertical filing method is developed to overcome the difficulties of horizontal filing.

712. Rights and privileges in a policy will be found in

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Standard provisions in a policy document
Policy schedule
Preamble to the policy
Clauses in the policy document
✅ The correct answer is A.
Rights and privileges in a policy will be found in Standard provisions in a policy document. The policy document is the most important document associated with insurance. It is evidence of the contract between the assured and the insurance company. It is not the contract itself.

689. Firm’s promise to pay and is backed or guaranteed by bank is classified as

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customer’s acceptance
banker’s acceptance
federal acceptance
treasury acceptance
✅ The correct answer is B.
Firm’s promise to pay and is backed or guaranteed by bank is classified as banker’s acceptance. A banker’s acceptance (BA) is a short-term debt instrument issued by a company that is guaranteed by a commercial bank. Banker’s acceptances are issued as part of a commercial transaction.