Administrator, Author at GetMCQs

2318. In calculation of internal rate of return, an assumption states that received cash flow from project must

be reinvested

not be reinvested

be earned

not be earned

✅ The correct answer is A.
In calculation of internal rate of return, an assumption states that received cash flow from project must be reinvested. The internal rate of return (IRR) is a metric used in capital budgeting to estimate the profitability of potential investments.

2319. Labour cost is the second element of ________.

cost

profit

sales

task

✅ The correct answer is A.
Labour cost is the second element of cost. Labour cost is a second major element of cost. Under the present political conditions with a restive labour in organised industry, it is very difficult to reduce labour cost.

2321. Slope coefficient of linear cost function is

zero

one

two

three

✅ The correct answer is A.
Slope coefficient of linear cost function is zero.

2323. Who cannot be covered under a family floater policy?

Children

Spouse

Parents-in-law

Maternal uncle

✅ The correct answer is D.
Maternal uncle cannot be covered under a family floater policy.

2325. What fee is payable by the aggrieved person to the District Consumer Forum while filing his complaint?

Rs.250

Rs.100

10% of the relief sought and given

No fee is payable

✅ The correct answer is D.
No fee is payable by the aggrieved person to the District Consumer Forum while filing his complaint.

2327. A manager, who is responsible for both cost and revenues belongs to department of

cost center

revenue center

profit center

investment center

✅ The correct answer is C.
A manager, who is responsible for both cost and revenues belongs to department of profit center. A profit center is a branch or division of a company that directly adds to the corporation’s bottom-line profitability.

2291. Bin Card is a?

Quantitative as well as value wise records of material received, issued and balance

Quantitative record of material received, issued and balance

Value wise records of material received, issued and balance

a record of labour attendance

✅ The correct answer is B.
Bin Card is a quantitative record of material received, issued and balance. A BIN Card is a table that records the status of a good held in stock.

2294. The summarized balance sheet of Autolight Limited shows the balances of previous and current year of retained earnings Rs 25,000 and Rs 35,000. If dividend paid during the current year amounted to Rs 5,000 then profit earned during the year will be:

Rs 5,000

Rs 55,000

Rs 15,000

Rs 65,000

✅ The correct answer is C.
Profit earned during the year
= 5000 + 35000 – 25000
= Rs. 15000.

2295. LIC of India is an example of __________.

department organization of the central government

government company

public corporation

private corporation

✅ The correct answer is C.
LIC of India is an example of public corporation. LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956.

2297. The main purpose of the guaranteed insurability rider benefit is to give the policyholder the right to

Cancel a health-based exclusion after a symptom-free period

Include his parents under the policy

Increase cover when a key life event occurs

Maintain cover despite a fall in investment value

✅ The correct answer is C.
The main purpose of the guaranteed insurability rider benefit is to give the policyholder the right to Increase cover when a key life event occurs. A guaranteed insurability rider, also called a GI rider, is a life insurance rider which allows the owner of a life insurance policy to buy additional life insurance with no underwriting. A rider is an additional benefit to a life insurance policy beyond the death benefit.

Author name: Administrator