Administrator, Author at GetMCQs

2240. Which of the following are true with regards to MWP Act cases? I: Death claims are settled in favour of nominees. II: Death claims are settled in favour of trustees.

I is true

II is true

Both I and II are true

Neither I nor II is true

✅ The correct answer is B.
Death claims are settled in the favour of trustees, not in the favour of nominees

2241. Mr. A is a daring portfolio manager. He wants to increase the return in his portfolio. He should choose stocks from_______________.

defensive industry

industry at a growth stage

industry in the maturity period

industry with more export potential

✅ The correct answer is B.
Mr. A is a daring portfolio manager. He wants to increase the return in his portfolio. He should choose stocks from industry at a growth stage.

2242. The primary objective of co-operative society is __________.

Service Motive

Profit

Sales Turnover

Democratic Management

✅ The correct answer is A.
The primary objective of co-operative society is Service Motive. The main motive is to provide service to the members. It works on the principle of self help through mutual coop- eration of members

2243. In Kaizen budgeting, costs are based on all improvements which is

to be implemented

based on current practice

based on past prices

based on sold quantity

✅ The correct answer is A.
In Kaizen budgeting, costs are based on all improvements which is to be implemented. Kaizen budgeting takes the concept of continual improvement and applies it to budgets and budget forecasting.

2244. State which of the following is an accumulation product.

Bank Deposits

Non life Insurance policy

Life Insurance

✅ The correct answer is D.
Shares is an accumulation product. Accumulating shares is a classification of common stock given to shareholders of a company in lieu of or in addition to a dividend.

2246. Halsey premium plan is ________.

individual incentive scheme

group incentive scheme

time and piece wage system

differential piece wage system

✅ The correct answer is A.
Halsey premium plan is individual incentive scheme. Under Halsey plan minimum wages are guaranteed to every worker. A standard time is fixed for the workers. If the workers finish the work before standard time they are given bonus.

2247. What are the most commonly used input devices today?

Keyboard

Mouse

All of the above

None of the above

✅ The correct answer is C.
Keyboard and Mouse are the most commonly used input devices today.

2248. Quantum of pension under Defined Benefit type would depend on –

Accrual rate

Salary

Pensionable service

All of the above

✅ The correct answer is D.
Quantum of pension under Defined Benefit type would depend on Accrual rate, Salary and Pensionable service.

2250. Which of the following is NOT an input?

Labour

Entrepreneurship

Natural resources

Production

✅ The correct answer is D.
Production is not an input. It is an output. Production is the method of turning raw materials or inputs into finished goods or products in a manufacturing process.

2252. According to which method of pricing issues is close to current economic values?

Last In First Out

First In First Out

Highest In First Out

weighted average price

✅ The correct answer is A.
According Last In First Out method of pricing issues is close to current economic values. LIFO Accounting means inventory which was acquired last would be used up or sold first.

Author name: Administrator