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2137. Fish culture should be classified as __________.

extractive industry

genetic industry

manufacturing industry

construction industry

✅ The correct answer is B.
Fish culture should be classified as genetic industry. Genetic industries are concerned mainly with producing – breeding or multiplying of certain species of plants or animals with the object of earning profits from their sale.

203. When a liability is reduced or decreased, it is recorded on the:

Left or credit side of the account

Right or debit side of the account

Right or credit side of the account

Left or debit side of the account

✅ The correct answer is D.
When a liability is reduced or decreased, it is recorded on the Left or debit side of the account.

2120. 100 units are introduced in a process in which normal loss is 5% of input If actual output is 97 then there is ________.

no abnormal loss and normal gain

2 units of abnormal gain

3 units of abnormal gain

3 units of normal loss

✅ The correct answer is B.
100 units are introduced in a process in which normal loss is 5% of input If actual output is 97 then there is 2 units of abnormal gain.

2121. The elasticity of substitution between two perfect substitutions is

Zero

Greater than zero

Less than infinity

Infinity

✅ The correct answer is D.
The elasticity of substitution between two perfect substitutions is Infinity. Elasticity of factor substitution can take any value from zero to infinity, always being positive.

2123. In arbitrage pricing theory, required returns are functioned of two factors which have

dividend policy

market risk

historical policy

Both A and B

✅ The correct answer is D.
In arbitrage pricing theory, required returns are functioned of two factors which have dividend policy and market risk. Arbitrage pricing theory (APT) is a multi-factor asset pricing model based on the idea that an asset’s returns can be predicted using the linear relationship between the asset’s expected return and a number of macroeconomic variables that capture systematic risk.

2124. Difference between attendance time and job time is _______.

job time

over time

actual time

idle time

✅ The correct answer is D.
Difference between attendance time and job time is idle time. Idle time is unproductive time on the part of employees or machines caused by management or as a result of factors beyond their control. Idle time is the time associated with waiting, or when a piece of machinery is not being used but could be.

2125. If both policy loan and premiums are not paid, the outstanding loan/interest may exceed the policy’s cash value. What would the insurer do in such an eventuality?

Surrender

Revival

Cancellation

Foreclosure

✅ The correct answer is D.
Foreclosure is the legal process by which a lender takes control of a property, evicts the homeowner and sells the home after a homeowner is unable to make full principal and interest payments on his or her mortgage, as stipulated in the mortgage contract.

2126. Portfolios lying on the upper right portion of the efficient frontier are likely to be chosen by_______________.

aggressive investors

conservative investors

risk-averse investors

defensive investors

✅ The correct answer is A.
Portfolios lying on the upper right portion of the efficient frontier are likely to be chosen by aggressive investors. A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds

2128. If lowering of fares reduces railway’s revenues and increasing of fares increases, then the demand for rail travel has a price elasticity of

Zero

Greater than Zero but less than One

One

Greater than One

✅ The correct answer is B.
If lowering of fares reduces railway’s revenues and increasing of fares increases, then the demand for rail travel has a price elasticity of Greater than Zero but less than One.

2130. When was Adam Smith’s major work “An enquiry into the Nature and Causes of Wealth of Nations” published?

1756

1766

1776

1786

✅ The correct answer is C.
In 1776, Adam Smith’s major work “An enquiry into the Nature and Causes of Wealth of Nations” was published.

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