460. Security merchants dealing in shares, independent operators are called ___________.

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Brokers
Jobber
tarawaniwalas
mandiwalas
✅ The correct answer is B.
Security merchants dealing in shares, independent operators are called Jobber. They buy and sell securities on their own behalf and try to earn through price changes. Jobbers cannot deal on behalf of public and are barred from taking commission.

457. Malicious hackers who act with the intention of causing harm are __________.

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White hats
Black hats
Grey hats
Brown hats
✅ The correct answer is B.
Malicious hackers who act with the intention of causing harm are Black hats. Black hat refers to a hacker who breaks into a computer system or network with malicious intent. A black hat hacker may exploit security vulnerabilities for monetary gain; to steal or destroy private data; or to alter, disrupt or shut down websites and networks.

451. Capital market line reflects an attitude of investors towards risk which is considered as an/a

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non-aggregate
effective
ineffective
aggregate
✅ The correct answer is D.
Capital market line reflects an attitude of investors towards risk which is considered as an aggregate. The capital market line (CML) represents portfolios that optimally combine risk and return. Capital asset pricing model (CAPM), depicts the trade-off between risk and return for efficient portfolios.

41. Petty cash fund is supposed to be replenished

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Every year
Every half year
Every year
At the end of every accounting period
✅ The correct answer is D.
Petty cash fund is supposed to be replenished at the end of every accounting period. Replenish means to return the amount of actual cash in the petty cash box back to the amount appearing in the general ledger account Petty Cash. This is done whenever the amount of actual cash in the petty cash box is low and at the end of each accounting period.

442. As per Section 45 of Insurance Act, 1938, an insurance company can reject a claim within 2 years from issuance of policy if the material facts in the proposal are proved _________

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TRUE
FALSE
Not worthy
Irrelevant
✅ The correct answer is B.
As per Section 45 of Insurance Act, 1938, an insurance company can reject a claim within 2 years from issuance of policy if the material facts in the proposal are proved false.

441. Which one of the following is correct?

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Under Defined Benefit scheme, pension paid was linked to investment performance of fund
Under Defined Contribution scheme, pension paid was not linked to investment performance of the fund
Both A & B
None of the above
✅ The correct answer is D.
Both the statements are incorrect.
Under Defined Benefit scheme, pension paid was not linked to investment performance of fund and Under Defined Contribution scheme, pension paid was linked to investment performance of the fund.

403. If a firm shuts down temporarily, it will incur loss equal to

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AFC
AVC
TFC
TVC
✅ The correct answer is C.
If a firm shuts down temporarily, it will incur loss equal to TFC. The intersection of the average variable cost curve and the marginal cost curve, which shows the price where the firm would lack enough revenue to cover its variable costs, is called the shutdown point. If the perfectly competitive firm can charge a price above the shutdown point, then the firm is at least covering its average variable costs. It is also making enough revenue to cover at least a portion of fixed costs, so it should limp ahead even if it is making losses in the short run, since at least those losses will be smaller than if the firm shuts down immediately and incurs a loss equal to total fixed costs.