375. Which of the following statements is incorrect in case of variable insurance plans?

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Cash value is not guaranteed
Minimum death benefit is guaranteed in variable insurance plans
Where to keep the money invested is the decision of the policyholder
Flexible premium payments are allowed in such policies
✅ The correct answer is B.
This policy is quite risky because your cash value and death benefit can fluctuate according to the performance of your investment portfolio. Therefore, if your underlying investments perform well, then your cash value and death benefit may increase accordingly. If your investments perform worse than you expected, your cash value and death benefit may decrease.

372. In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as

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different task
purpose cost
an activity
an allocation cost
✅ The correct answer is C.
In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as an activity. Activity-based costing (ABC) is an accounting method that identifies and assigns costs to overhead activities and then assigns those costs to products.

369. Agricultural goods market depicts characteristics close to

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Perfect competition
Oligopoly
Monopoly
Monopolistic competition
✅ The correct answer is A.
Agricultural goods market depicts characteristics close to Perfect competition. A perfectly competitive market has the following characteristics: There are many buyers and sellers in the market. Each company makes a similar product. Buyers and sellers have access to perfect information about price.

332. If an investor searches for patterns in security returns by examining various techniques applied to a set of data, this is known as__________.

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fundamental analysis
technical analysis
data mining
random-walk theory
✅ The correct answer is B.
If an investor searches for patterns in security returns by examining various techniques applied to a set of data, this is known as technical analysis. Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.

327. Method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as

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step down allocation method
stand-alone revenue allocation method
incremental revenue allocation method
revenue mix allocation method
✅ The correct answer is C.
Method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as incremental revenue allocation method. The ranking of the individual products in the suite determines the revenues allocated to them.

321. In financial markets, period of maturity more than five years of financial instruments is classified as

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intermediate term
capital term
short-term
long-term
✅ The correct answer is D.
In financial markets, period of maturity more than five years of financial instruments is classified as long-term. Generally, a time frame for investing in which an asset is held for at least seven to ten years. The measure of a “long term” time frame can vary depending on the asset held or the investment objective. In business accounting measures, long term can be a period of time that exceeds 12 months.