540. In uneven cash flow, ‘IRR’ is an abbreviation of an

by
internal rate of return
international rate of return
intrinsic rate of return
investment return rate
✅ The correct answer is A.
In uneven cash flow, ‘IRR’ is an abbreviation of an internal rate of return. The internal rate of return (IRR) is a metric used in capital budgeting to estimate the profitability of potential investments.

538. An inflation rate includes in bond’s interest rates is one which is inflation rate

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at bond issuance
expected in future
expected at time of maturity
expected at deferred call
✅ The correct answer is B.
An inflation rate includes in bond’s interest rates is one which is inflation rate expected in future. Inflation is measured in a variety of ways depending upon the types of goods and services considered and is the opposite of deflation which indicates a general decline occurring in prices for goods and services when the inflation rate falls below 0 percent.

536. Situation in which cost object has any job, customer or product is known as

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cost application base
sale application base
price application base
direct application base
✅ The correct answer is A.
Situation in which cost object has any job, customer or product is known as cost application base. Cost application base is a factor that is the common denominator for systematically relating a cost or a group of costs, such as factory overhead, to products.

530. High-low method is used for estimation of

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linear coefficient
cost coefficient
slope coefficient
price coefficient
✅ The correct answer is C.
High-low method is used for estimation of slope coefficient. The slope coefficient usually refers to the coefficient of any independent variable, x, in a regression equation. It tells the amount of change in y that can be expected to result from a unit increase in x.

524. With regard to Unit Linked policy, who bears the expense and mortality risk?

by
Ins. Co.
Policyholder
Agent
IRDA
✅ The correct answer is A.
With regard to Unit Linked policy, Ins. Co. bears the expense and mortality risk. These are charges to provide for the cost of insurance coverage under the plan. Mortality charges depend on a number of factors such as age, amount of coverage (sum assured) etc. and are deducted on monthly basis. This charge will be deducted proportionately from each of the fund(s) you have chosen.

521. Ownership securities are represented by _______.

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stock
loan
debt
debentures
✅ The correct answer is A.
Ownership securities consist of equity stock and preferred stock. The term ‘ownership securities,’ also known as ‘capital stock’ represents shares. Shares are the most universal form of raising long-term funds from the market. Every company, except a company limited by guarantee, has a statutory right to issue shares.

518. Why insurance contract is an Adhesion Contract?

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Insurance Co. has all the bargaining power
Client has also great bargaining power
Both A & B
None of the three
✅ The correct answer is A.
Adhesion contract is a legally binding agreement between two parties to do a certain thing, in which one side has all the bargaining power and uses it to write the contract primarily to his or her advantage.