Author name: Administrator

1740. Calculate the labour turnover rate according to Separation method from the following: No of workers on the payroll: – At the beginning of the month: 500 – At the end of the month: 600 During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Of these, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme

4.55%
1.82%
6%
3%
✅ The correct answer is A.
Separation method = No of worker separated during the period/Average no of workers at same period × 100

No of worker separated during the period = 25

Average no of workers = (500+600)/2= 550

∴25/ 550 × 100

=4.55%

1741. Which of the below death claim will be treated as an early death claim?

If the insured dies within three years of policy duration
If the insured dies within five years of policy duration
If the insured dies within seven years of policy duration
If the insured dies within ten years of policy duration
✅ The correct answer is A.
If the insured dies within three years of policy duration will be treated as an early death claim. If the life assured dies during the term of the policy, the death claim arises. If the death has taken place within the first two years of the commencement of the policy, it is called an early death claim and if the death has taken after 2 years, it is called a non early death claim.

1742. The situation of monopolistic competition is created by

Small number of producers of a commodity
Lack of homogeneity of the product produced by different firms
Imperfection of the market for that product
All of the above
✅ The correct answer is D.
The situation of monopolistic competition is created by Small number of producers of a commodity, Lack of homogeneity of the product produced by different firms and Imperfection of the market for that product.

1730. Beta reflects stock risk for investors which is usually

individual
collective
weighted
linear
✅ The correct answer is A.
Beta reflects stock risk for investors which is usually individual. The beta of an investment is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors.

1736. Process of assigning indirect costs to any specific cost object is known as

economic cost
cost tracing
cost allocation
non-economic costs
✅ The correct answer is C.
Process of assigning indirect costs to any specific cost object is known as cost allocation. Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you want to separately measure costs.
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