2046. _________ is not an indicator of service quality.
Cleverness
Reliability
Empathy
Responsiveness
✅ The correct answer is A.
Cleverness is not an indicator of service quality.
Cleverness is not an indicator of service quality.
2047. State the correct sentence
A minor is not eligible for insurance
Proposal on the life of a minor can be submitted by his parent or guardian after the need for insurance is established
A minor has no insurable interest in his life and therefore, is ineligible for insurance
Proposal on a minor life can be submitted by anyone
✅ The correct answer is B.
Proposal on the life of a minor can be submitted by his parent or guardian after the need for insurance is established.
Proposal on the life of a minor can be submitted by his parent or guardian after the need for insurance is established.
2048. GST threshold limit of Normal States is _______ lakh
12
15
20
25
✅ The correct answer is C.
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States)
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States)
2050. Type of bond which pays interest payment only when it earns is classified as
income bond
interest bond
payment bond
earning bond
✅ The correct answer is A.
Type of bond which pays interest payment only when it earns is classified as income bond. An income bond is a type of debt security in which only the face value of the bond is promised to be paid to the investor, with any coupon payments paid only if the issuing company has enough earnings to pay for the coupon payment.
Type of bond which pays interest payment only when it earns is classified as income bond. An income bond is a type of debt security in which only the face value of the bond is promised to be paid to the investor, with any coupon payments paid only if the issuing company has enough earnings to pay for the coupon payment.
2051. Passive factor of production is
Only Land
Only Capital
Both Land & Capital
Neither Land nor Capital
✅ The correct answer is C.
Passive factor of production is both Land & Capital.
Passive factor of production is both Land & Capital.
2052. Better fit between estimated cost and actual observations is represented by
variable residual terms
smaller residual terms
larger residual terms
zero residual terms
✅ The correct answer is B.
Better fit between estimated cost and actual observations is represented by smaller residual terms.
Better fit between estimated cost and actual observations is represented by smaller residual terms.
2053. A frim has variable cost of Rs.1000 at 5 units of output. If fixed costs are Rs.400, what will be the average total cost at 5 units of output?
380
280
60
400
✅ The correct answer is B.
Total costs (TC) = FC + TVC. Average Fixed Costs (AFC) = FC/Q.
TC = 400+1000 = 1400.
AFC = 1400/5 = 280.
Total costs (TC) = FC + TVC. Average Fixed Costs (AFC) = FC/Q.
TC = 400+1000 = 1400.
AFC = 1400/5 = 280.
2054. Profits are
Residual payment
Pre-determined
Fixed contract
Always higher than wages
✅ The correct answer is A.
Profits are Residual payment. Residual payments are most often associated with the entertainment industry, since movies and music can generate revenues long after they are originally released.
Profits are Residual payment. Residual payments are most often associated with the entertainment industry, since movies and music can generate revenues long after they are originally released.
2055. If budget sales units are 2000, an ending inventory is 3000 units and beginning inventory is 1000, then budget production would be
6000 units
4000 units
no units
8000 units
✅ The correct answer is B.
Budget production = Budget sales + Ending inventory – Beginning inventory
= 2000 + 3000 – 1000 = 4000 units.
Budget production = Budget sales + Ending inventory – Beginning inventory
= 2000 + 3000 – 1000 = 4000 units.
2057. Shareholder wealth in a firm is represented by___________.
the number of people employed in the firm
the book value of the firm’s assets less the book value of its liabilities
the amount of salary paid to its employees
the market price per share of the firms common stock
✅ The correct answer is D.
Shareholder wealth in a firm is represented by the market price per share of the firms common stock. Shareholder wealth is defined as the present value of the expected future returns to the owners (that is, shareholders) of the firm.
Shareholder wealth in a firm is represented by the market price per share of the firms common stock. Shareholder wealth is defined as the present value of the expected future returns to the owners (that is, shareholders) of the firm.