289. An auction that has multiple winners that all pay the same price is an example of________.

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uniform pricing
discriminatory pricing
bid rigging
price matching
✅ The correct answer is A.
An auction that has multiple winners that all pay the same price is an example of uniform pricing. It is also called “simple monopoly pricing”. The buyers are free to choose the quantity at a fixed price.

283. In large expansion programs, increased riskiness and floatation cost associated with project can cause

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rise in marginal cost of capital
fall in marginal cost of capital
rise in transaction cost of capital
rise in transaction cost of capital
✅ The correct answer is A.
In large expansion programs, increased riskiness and floatation cost associated with project can cause rise in marginal cost of capital. Marginal cost of capital is the weighted average cost of the last dollar of new capital raised by a company. It is the composite rate of return required by shareholders and debt-holders for financing new investments of the company.

281. Risk in average individual stock can be reduced by placing an individual stock in

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low risk portfolio
diversified portfolio
undiversified portfolio
high risk portfolio
✅ The correct answer is B.
Risk in average individual stock can be reduced by placing an individual stock in diversified portfolio. A diversified investment is a portfolio of various assets that earns the highest return for the least risk. A typical diversified portfolio has a mixture of stocks, fixed income, and commodities.

279. In case the policyholder is not satisfied with the policy, he / she can return the policy within the free-look period i.e. within _________of receiving the policy document.

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60 days
45 days
30 days
15 days
✅ The correct answer is D.
In case the policyholder is not satisfied with the policy, he / she can return the policy within the free-look period i.e. within 15 days of receiving the policy document.

315. IGMS stands for

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Individual Grievance Management Service
Integrated Grievance Management System
Indian Grievance Management System
Insurance Grievance Management System
✅ The correct answer is B.
The Integrated Grievance Management System(IGMS) facilitates online registration of policyholders’ complaints and helps track their status.

308. If budgeted annual manufacturing indirect cost is $2250000 and cost allocation base is 2800 labour hour, then budgeted manufacturing overhead rate will be

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$803.571 per labour hour
$805 per labour hour
$905 per labour hour
$802 per labour hour
✅ The correct answer is A.
Manufacturing overhead = Manufacturing indirect cost ÷ Cost allocation base
= $2250000 ÷ 2800 = $803.571 per labour hour