670. If default probability is zero and bond is not called then yield to maturity is

by
mature expected return rate
lower than expected return rate
higher than expected return rate
equal to expected return rate
✅ The correct answer is D.
If default probability is zero and bond is not called then yield to maturity is equal to expected return rate. The return on an investment as estimated by an asset pricing model. It is calculated by taking the average of the probability distribution of all possible returns.

668. Type of financial securities that matures in less than a year are classified as

by
money market securities
capital market securities
saving intermediaries
discounted intermediaries
✅ The correct answer is A.
Type of financial securities that matures in less than a year are classified as money market securities. There are several money market instruments in most Western countries, including treasury bills, commercial paper, bankers’ acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities.

665. If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for

by
Coke will rise
7-Up will decrease
Coke and 7-Up will increase
Coke and 7-Up will decrease
✅ The correct answer is D.
If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for Coke and 7-Up will decrease. A decrease in the price of a good normally results in an increase in the quanti ty demanded by consumers because of the law of demand, and conversel y, quant ity demanded decreases when price rises. So. here the decrease in price of Pepsi will increase in demand for it, while the demand for Coke and 7-Up will decrease because of no change in their price level.

62. A proforma invoice is sent by

by
Consignee to consignor
Consignee to debtors
Debtors to consignee
Consignor to consignee
✅ The correct answer is D.
A proforma invoice is sent by Consignor to consignee. A Pro-forma invoice is a document prepared by the consignor which is sent to the consignee along with the goods. It contains the details with respect to the quantity of goods sent, rates at which the goods are sent and other terms and conditions for sending the goods on consignment.

658. An insurance agent is typically a representative of

by
Customer
Insurance company
Government
IRDA
✅ The correct answer is B.
An insurance agent is a representative of insurance company. Such agents are required to be licensed in the states in which they do business as well as with the specific companies they represent. In contrast to an insurance agent, an insurance broker represents a client.