Administrator, Author at GetMCQs

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.

3161. _________ relate to one’s ability to interact effectively with other workers and customers, both at work and outside.

Hard skills

Soft skills

Negotiating skills

Questioning skills

✅ The correct answer is B.
Soft skills relate to one’s ability to interact effectively with other workers and customers, both at work and outside. A soft skill is a personal attribute that supports situational awareness and enhances an individual’s ability to get a job done. The term soft skills is often used as a synonym for people skills or emotional intelligence.

3145. Secure communication means.

Protect transmission of credit card number

Guarantee privacy of customer

Unauthorized access of payment details

All the above

✅ The correct answer is D.
Secure communication means Protect transmission of credit card number, Guarantee privacy of customer and Unauthorized access of payment details.

3146. A firm which outsources its works requires ___________.

more employees

less employees

skilled employees

semi-skilled employees

✅ The correct answer is B.
A firm which outsources its works requires less employees. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff.

299. When the goods are returned to a supplier

A Debit note is sent to him

An Account sale is sent to him

A receipt is sent to him

Either ‘b’ or ‘c’

✅ The correct answer is A.
When the goods are returned to a supplier a Debit note is sent to him which indicates that his/her account has been debited with the repective amount.

3133. The changes in healthcare costs over recent years has had what general impact on healthcare insurance?

A fall in average premium levels

A reduction in underwriting requirements

A rise in the need for cover

A strengthening of the insurable interest rules

✅ The correct answer is C.
The changes in healthcare costs over recent years has had a rise in the need for cover on healthcare insurance.

3135. With regards to valuation of assets by insurance companies, _________ is the value at which the life insurer has purchased or acquired its assets.

Discounted future value

Discounted present value

Market value

Book value

✅ The correct answer is D.
With regards to valuation of assets by insurance companies, Book value is the value at which the life insurer has purchased or acquired its assets.

Author name: Administrator