1710. Security present value is Rs 100 and future value is Rs 150 after 10 years and value of ‘I = interest rate’ will be
4.14%
0.59%
0.69%
0.79%
✅ The correct answer is A.
162. A brief explanation recorded below every entry in General Journal is commonly known as
Narration
Explanation
Summary
Other Information
✅ The correct answer is A.
A brief explanation recorded below every entry in General Journal is commonly known as Narration. A short explanation of each transaction is written under each entry which is called narration.
A brief explanation recorded below every entry in General Journal is commonly known as Narration. A short explanation of each transaction is written under each entry which is called narration.
1725. Preferred stocks are also classified as
intrinsic preference
perpetuities
extrinsic preference
weak preference
✅ The correct answer is B.
Preferred stocks are also classified as perpetuities. Perpetuity refers to an infinite amount of time. In finance, perpetuity is a constant stream of identical cash flows with no end.
Preferred stocks are also classified as perpetuities. Perpetuity refers to an infinite amount of time. In finance, perpetuity is a constant stream of identical cash flows with no end.
1727. By transferring risk to insurer, it becomes possible _________.
To become careless about our assets
To make money from insurance in the event of a loss
To ignore the potential risks facing our assets
To enjoy peace of mind and plan one’s business more effectively
✅ The correct answer is D.
By transferring risk to insurer, it becomes possible to enjoy peace of mind and plan one’s business more effectively.
By transferring risk to insurer, it becomes possible to enjoy peace of mind and plan one’s business more effectively.
1709. _________ is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.
Insurance value
Actual value
Replacement value
Guaranteed Replacement Cost
✅ The correct answer is A.
Insurance value is the maximum amount an insurance company will pay if an insured asset is deemed a total loss. It is the maximum amount an insurance company will pay if an insured asset is deemed a total loss. The asset’s insured value can either be its replacement cost or its market value, depending on the insurance policy.
Insurance value is the maximum amount an insurance company will pay if an insured asset is deemed a total loss. It is the maximum amount an insurance company will pay if an insured asset is deemed a total loss. The asset’s insured value can either be its replacement cost or its market value, depending on the insurance policy.
1711. In insurance , need-gap analysis involves_________
Identifying the areas where the prospect needs insurance protection
Indentifying people to work as insurance agents
Identifying how much assets a prospect has
Identifying the poverty level of the prospects
✅ The correct answer is A.
In insurance, need-gap analysis involves identifying the areas where the prospect needs insurance protection. In need gap analysis we engage in a process of gathering detailed information about the prospect’s insurance requirements, to identify and determine the assets and perils for which there is inadequate coverage. The objective here is to collect as much additional information about the prospect as possible.
In insurance, need-gap analysis involves identifying the areas where the prospect needs insurance protection. In need gap analysis we engage in a process of gathering detailed information about the prospect’s insurance requirements, to identify and determine the assets and perils for which there is inadequate coverage. The objective here is to collect as much additional information about the prospect as possible.
1713. Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as
conference method
inference method
pricing method
manufacturing method
✅ The correct answer is A.
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as conference method. The conference method is an approach to cost estimation that pools together data, analyses, and knowledge from expert sources in order to make decisions about costs.
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as conference method. The conference method is an approach to cost estimation that pools together data, analyses, and knowledge from expert sources in order to make decisions about costs.
1714. Which was the first Indian bank started solely with Indian Capital?
Punjab National Bank
Andhra Bank
Indian Overseas Bank
Syndicate Bank
✅ The correct answer is A.
Punjab National Bank was the first Indian bank started solely with Indian Capital. PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present.
Punjab National Bank was the first Indian bank started solely with Indian Capital. PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present.
1691. Which of the following is incorrect? (i) – The longer the period of investment, the more they will multiply. (ii)– The lesser the period of investment, the greater they will multiply.
Statement (i)
Statement (ii)
Both (i) and (ii)
Neither (i) nor (ii)
✅ The correct answer is B.
The lesser the period of investment, the greater they will multiply is incorrect because if period of investment will be less, the result will also be less.
The lesser the period of investment, the greater they will multiply is incorrect because if period of investment will be less, the result will also be less.
159. Which of the following is (are) type(s) of Public Limited Companies?
Listed companies
Non listed companies
Private limited companies
Both listed and non listed companies
✅ The correct answer is D.
Both listed and non listed companies are types of Public Limited Companies.
Both listed and non listed companies are types of Public Limited Companies.