568. In__________ the workers are paid on the basis of hourly daily,weekly rate

time rate system
piece rate system
premium bonus system
emerson efficiency plan
✅ The correct answer is A.
In time rate system the workers are paid on the basis of hourly daily, weekly rate. Under this method of wage payment, the workers are paid the wages on the basis of time. In this system of wage payment, the workers are paid the wages on the basis of time as, per hour, per day, per week, per fortnight or per month etc.

566. A bear speculator is also called as _______.

Manidiwala
Tejiwala
Tarawaniwalas
Vaniwala
✅ The correct answer is A.
A bear speculator is also called as Manidiwala. A Bull is a stock market speculator who buys a holding in a stock in the expectation that in the very short-term it will rise in value whereupon they will sell the stock to make a quick profit on the transaction.

564. Net income available to stockholders is Rs 125 and total assets are Rs 1,096 then return on common equity would be

0.11%
11.40%
0.12 times
12.00%
✅ The correct answer is B.
Net income available to stockholders = 125

Total assets = 1,096

Return on common equity rate shows the net income earned per every rupee invested.It acts as a yardstick of profitability.

Return on common equity

= (net income – preferential stock)/Average common stock holder’s equity

No further information is available

= (125/1096)×100

= 11.4051 ℅

558. Goodness of fit predicted values is also known as

coefficient of determination
coefficient of index
coefficient of residual
coefficient of prediction
✅ The correct answer is A.
Goodness of fit predicted values is also known as coefficient of determination. The coefficient of determination (denoted by R2) is a key output of regression analysis. It is interpreted as the proportion of the variance in the dependent variable that is predictable from the independent variable.

556. When an applicant is seeking license for the first time, he / she is supposed to undergo _________of practical training (from an approved institution) in life insurance.

25 hours
50 hours
75 hours
100 hours
✅ The correct answer is B.
When an applicant is seeking license for the first time, he / she is supposed to undergo 50 hours of practical training (from an approved institution) in life insurance.

554. Which of the following is the most appropriate explanation for the fact that young people are charged lesser life insurance premium as compared to old people?

Young people are mostly dependent
Old people can afford to pay more
Mortality is related to age
Mortality is inversely related to age
✅ The correct answer is C.
Mortality is related to age and hence, young people who are less likely to die are charged lower premiums as compared to old people.