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3176. Relationship between independent variable and dependent variable must be

general ledger

non-achievable

non measureable

economically plausible

✅ The correct answer is D.
Relationship between independent variable and dependent variable must be economically plausible. The cost function shows a positive economically plausible relationship between machine-hours and maintenance costs.

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.

3181. The factor(s) which affect(s) P/E ratio is/are __________.

Growth rate

Debt proportion

Retention ratio

All of the above

✅ The correct answer is D.
The factors that affects P/E ratio are Growth rate, Debt proportion and Retention ratio.

3183. Standard provisions of a policy contains which of the following information?

Rights/Privileges

Sum insured

Table and Term

Policy Number

✅ The correct answer is A.

3154. Corporate associations who have common bonds being employees of same firm are classified as

credit unions

debit unions

preferred unions

solving unions

✅ The correct answer is A.
Corporate associations who have common bonds being employees of same firm are classified as credit unions. A credit union is a type of financial cooperative that provides traditional banking services.

3153. If the insured gets admitted in a non-network hospital,

He could still avail cashless facility

He would settle hospital bills and would get reimbursed by the insurer

Either A or B

Neither A nor B

✅ The correct answer is B.
If the insured gets admitted in a non-network hospital, he would settle hospital bills and would get reimbursed by the insurer.

3155. In income statement of merchandising costs, period cost includes all costs which are not related to

cost of resale goods

cost of manufacturing goods

timed resale of goods

cost of purchased goods

✅ The correct answer is D.
In income statement of merchandising costs, period cost includes all costs which are not related to cost of purchased goods. The cost of goods purchased is the net cost of merchandise acquired.

3157. In which form, the largest percentage of national income is earned?

Interest income

Proprietor’s income

Employee’ wages

Rental income

✅ The correct answer is C.
In the form of Employee’ wages, the largest percentage of national income is earned.

302. The basic consideration(s) in distinction between capital and revenue expenditure is/are

Nature of business

Effect on revenue generating capacity of the business

Purpose of expenses

All of the above

✅ The correct answer is D.
The basic considerations in distinction between capital and revenue expenditure are Nature of business, Effect on revenue generating capacity of the business and Purpose of expenses.

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