Author name: Administrator

160. The expenses that have fallen due for payment but not paid are

Outstanding expenses
Deffered expenses
Accrues expenses
Prepaid expenses
✅ The correct answer is A.
The expenses that have fallen due for payment but not paid are Outstanding expenses. Outstanding expenses are those expenses which have been incurred during the current accounting period and are due to be paid, however, the payment is not made.

1698. The managerial grid consist of how many possible leadership styles?

61
71
81
91
✅ The correct answer is C.
The managerial grid consist of 81 possible leadership styles. Mouton, the Managerial Grid Model helps Managers to analyze their own leadership styles through a technique known as grid training. Also, Managers can identify how they with respect to their concern for production and people with Managerial Grid Model.

1699. An unsecured bond that provides no lien against property as security for bond obligation is classified as

secured bond
debenture
obligation bond
specific bond
✅ The correct answer is B.
An unsecured bond that provides no lien against property as security for bond obligation is classified as debenture. A debenture is a type of debt instrument that is not secured by collateral and usually has a term greater than 10 years. Debentures are backed only by the creditworthiness and reputation of the issuer. Both corporations and governments frequently issue debentures to raise capital or funds.

1702. Public key cryptography is also known as _________ cryptography.

Private key
Symmetric
Asymmetric
None
✅ The correct answer is C.
Public key cryptography is also known as Asymmetric cryptography. Asymmetric cryptography, also known as public key cryptography, uses public and private keys to encrypt and decrypt data. The keys are simply large numbers that have been paired together but are not identical (asymmetric). One key in the pair can be shared with everyone; it is called the public key.

1704. If coupon rate is more than current rate of interest then bond will be sold

More than its par value
Seasoned par value
At par value
Below its par value
✅ The correct answer is A.
A bond’s interest rate is related to the current prevailing interest rates and the perceived risk of the issuer. When interest rates are less than the coupon rate, the bond can be sold at a premium (higher than the face value). When current interest rates are greater than a bond’s coupon rate, the bond will sell below its face value at a discount.

1706. What is correct out of the following statements?

An agent licensed to act as such for an insurer has to have a license under sec.42 of the Insurance Act’38 for procuring and continuing insurance business against payment of commission by the in
An agent can only be a trained individual for working for an insurance company
A bank can also act as a broker for life insurance business
A bank cannot act as an agent of whatever description
✅ The correct answer is A.

1671. Who will issue licence to an applicant on his certification as per regulations?

Designated person in the insurer’s office as authorised by the IRDA
An officer of the IRDA
Controller of Insurance in the Ministry of Finance
An official of the Insurance Institute of India
✅ The correct answer is A.
Designated person in the insurer’s office as authorised by the IRDA will issue licence to an applicant on his certification as per regulations.
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