First Pregnancy clause
General provisions
Policy schedule
Standard provisions
✅ The correct answer is A.
First Pregnancy clause is the specific provision in a policy.
First Pregnancy clause is the specific provision in a policy.
278. Which of the following are the disadvantage(s) of Traditional With Profit policies over ULIPs?
Bonuses are declared only once a year and do not reflect daily fluctuations in the value of the assets
Policyholder’s benefits depend on assumptions/discretions of the insurance company
Bonus structure does not reflect the true value of assets of the insurer
All of the above
✅ The correct answer is D.
Bonuses are declared only once a year and do not reflect daily fluctuations in the value of the assets, Policyholder’s benefits depend on assumptions/discretions of the insurance company and Bonus structure does not reflect the true value of assets of the insurer are the disadvantages of Traditional With Profit policies over ULIPs.
Bonuses are declared only once a year and do not reflect daily fluctuations in the value of the assets, Policyholder’s benefits depend on assumptions/discretions of the insurance company and Bonus structure does not reflect the true value of assets of the insurer are the disadvantages of Traditional With Profit policies over ULIPs.
314. The probability of bankrupt is higher.
for a levered firm than an unlevered firm
for an unlevered firm than a levered firm
only levered firm
only unlevered firm
✅ The correct answer is C.
The probability of bankrupt is higher only levered firm.
The probability of bankrupt is higher only levered firm.
313. What is the ‘consideration’ from the insured in an insurance contract?
Premium
Proposal
Understanding
Acceptance
✅ The correct answer is A.
The premium is the consideration from the insured, and the promise to indemnify, is the consideration from the insurers.
The premium is the consideration from the insured, and the promise to indemnify, is the consideration from the insurers.
310. If total incurred cost in a production process are $30000 and number of output units are 5000 units, then units cost will be
$16
$60
$6
$26
✅ The correct answer is C.
Units cost = Total incurred cost in a production process ÷ Number of output units
= $30000 ÷ 5000 = $6
Units cost = Total incurred cost in a production process ÷ Number of output units
= $30000 ÷ 5000 = $6
307. Banks such as Bank of America serves a range of savers and borrowers are classified as
transfer banks
commercial banks
serving banks
nation’s banks
✅ The correct answer is B.
Banks such as Bank of America serves a range of savers and borrowers are classified as commercial banks. Commercial banks make money by providing loans and earning interest income from those loans.
Banks such as Bank of America serves a range of savers and borrowers are classified as commercial banks. Commercial banks make money by providing loans and earning interest income from those loans.
34. Which of the following inventory valuation methods show higher profits during the period of rising prices?
FIFO
LIFO
Weighted average cost method
Simple average method
✅ The correct answer is A.
301. In stand-alone revenue-allocation method, type of weights available for this method is
selling prices as weight
unit costs as weights
physical units as weights
all of above
✅ The correct answer is D.
In stand-alone revenue-allocation method, type of weights available for this method is selling prices as weight, unit costs as weights and physical units as weights.
In stand-alone revenue-allocation method, type of weights available for this method is selling prices as weight, unit costs as weights and physical units as weights.
298. An investment outlay cash flow is Rs 2000, an operating cash flow is Rs 1500 and salvage cash flow is Rs 3000 then free cash flow would be
Rs 500.00
Rs 2,500.00
Rs 650.00
Rs 6,500.00
✅ The correct answer is D.
Free cash flow = Investment outlay cashflow + operating cash flow + salvage cash flow
= 2000 + 1500 + 3000
= Rs. 6500.
Free cash flow = Investment outlay cashflow + operating cash flow + salvage cash flow
= 2000 + 1500 + 3000
= Rs. 6500.
295. Control of management of the company mainly vests in __________.
equity shareholders
preference shareholders
debenture holders
share holders
✅ The correct answer is A.
Control of management of the company mainly vests in equity shareholders. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner’s funds. They are the foundation for the creation of a company.
Control of management of the company mainly vests in equity shareholders. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner’s funds. They are the foundation for the creation of a company.