Author name: Administrator

3185. State the incorrect of the following.

Amount of premium need not be shown; only sum assured is to be shown
There is no provision for name of the nominee in the policy
Mode of payment of claim is also shown in the policy
Date of birth of the assured has to be shown in the policy
✅ The correct answer is C.
Mode of payment of claim is not shown in the policy.

3187. Partners who are only liable for their own part of investment are considered as

venture partners
corporate partners
limited partners
general partners
✅ The correct answer is C.
Partners who are only liable for their own part of investment are considered as corporate partners. Corporate Partnership is an exclusive academic-corporate partnership based on Corporate Partners contributing to the Alliance and its MIM programme and benefitting from privileged access to a global pool of top talent from the world’s leading business schools.

3188. A competitive firm maximizes profit at the output level where

Price equals marginal cost
The slope of the firm’s profit function is equal to zero
Marginal revenue equals marginal cost
All of the above
✅ The correct answer is D.
A competitive firm maximizes profit at the output level where Price equals marginal cost, The slope of the firm’s profit function is equal to zero and Marginal revenue equals marginal cost.

3190. A markets which deals with long-term corporate stocks are classified as

liquid markets
short-term markets
capital markets
money markets
✅ The correct answer is C.
A markets which deals with long-term corporate stocks are classified as capital markets. Capital markets refer to the places where savings and investments are moved between suppliers of capital and those who are in need of capital.

303. One of the Fundamental accounting assumption is

Materiality
Going concern
Business entity
Dual aspect
✅ The correct answer is B.
One of the Fundamental accounting assumption is Going concern. Going concern is an accounting term for a company that has the resources needed to continue operating indefinitely until it provides evidence to the contrary.

3177. In respect of nomination, which of the following statements are correct?

More than one person can be nominated
Nomination can be done either at the time of commencement or later
Nomination can be changed by making an endorsement
All of the above
✅ The correct answer is D.
All the above statements regarding nomination are true.
More than one person can be nominated, Nomination can be done either at the time of commencement or later and Nomination can be changed by making an endorsement.

3179. Which of the following funds provides for predominant investment in equities?

Equity fund
Debt fund
Balanced fund
Money market fund
✅ The correct answer is A.
Equity fund provides for predominant investment in equities. An equity fund is a fund that invests in stocks, also called equity securities. Equity funds are practical investments for most people. The attributes that make equity funds most suitable for small individual investors are the reduction of risk.
Scroll to Top