610. The Markowitz model identifies the efficient set of portfolios, which offers the ____________.

highest return for any given level of risk or the lowest risk for any given level of return
least-risk portfolio for a conservative, middle-aged investor
long-run approach to wealth accumulation for a young investor
risk-free alternative for risk-averse investors
✅ The correct answer is A.
The Markowitz model identifies the efficient set of portfolios, which offers the highest return for any given level of risk or the lowest risk for any given level of return. Harry Markowitz model (HM model), also known as Mean-Variance Model because it is based on the expected returns (mean) and the standard deviation (variance) of different portfolios, helps to make the most efficient selection by analyzing various portfolios of the given assets.

54. Which of the following financial statements shows the financial position of a business at a specific date?

Balance sheet
Income statement
Cash flow statement
Statement of changes in equity
✅ The correct answer is A.
Balance sheet financial statements shows the financial position of a business at a specific date. The balance sheet, sometimes called the statement of financial position, lists the company’s assets, liabilities,and stockholders ‘ equity (including dollar amounts) as of a specific moment in time. That specific moment is the close of business on the date of the balance sheet.

599. If a claim is made in January 2007 under a policy, which commenced in May 2002, stating that the life insured had died in April 2004,

Section 45 of the Act will not apply
The claim can be treated as an early claim
Foul play must be suspected
All of the above
✅ The correct answer is D.
If a claim is made in January 2007 under a policy, which commenced in May 2002, stating that the life insured had died in April 2004, Section 45 of the Act will not apply, The claim can be treated as an early claim and Foul play must be suspected.

593. An amount of company retain earning, return on equity and inflation are factors which effect

earning growth
return on assets
return on sales
return on value
✅ The correct answer is A.
An amount of company retain earning, return on equity and inflation are factors which effect earning growth. Earnings growth is the annual compound annual growth rate (CAGR) of earnings from investments.