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1651. Prospecting in an insurance sale is

Gathering the names of people who may be interested in insurance

Preparing a list of all the persons in a city

Enlisting all the policyholders of a branch office

Preparing a list of all the agents in a neighborhood

✅ The correct answer is A.
Prospecting in an insurance sale is gathering the names of people who may be interested in insurance.Prospecting is the process of gathering names of people who can be approached for a sales interview.

1633. If the actual loss is more than the estimated normal loss, then it is _________.

abnormal loss

normal loss

seasonal loss

abnormal gain

✅ The correct answer is A.
If the actual loss is more than the estimated normal loss, then it is abnormal loss. Abnormal loss is the extra loss resulting when actual loss is greater than normal or expected loss, and it is given a cost.

1635. All of the following are characteristics of a social network except _______.

involves a group of people

features shared social interaction

always feature shared goals and purposes

common ties among members

✅ The correct answer is C.
All of the following are characteristics of a social network except always feature shared goals and purposes.

1637. ___________ is a substitute for a companys signature.

Director signature

Manager Signature

Common Seal

Managing Director Signature

✅ The correct answer is C.
Common Seal is a substitute for a companys signature. Common Seal is the official signature of the company and each company shall have only one seal, on its incorporation. It is to be used in the manner prescribed in the Articles of Association and the Companies Act, 2013.

1639. The producer is in equilibrium at a point where the cost line is

Above the isoquant

Below the isoquant

Cutting the isoquant

Tangent to isoquant

✅ The correct answer is D.
The producer is in equilibrium at a point where the cost line is Tangent to isoquant.

1622. A method of valuing insured property or the value computed by that method is known as

Actual cost validity

Actual cash value

Replacement cash value

Normal cost value

✅ The correct answer is B.
Actual Cash Value (ACV) is a method of valuing insured property or the value computed by that method. Actual Cash Value (ACV) is not equal to replacement cost value (RCV). ACV is computed by subtracting depreciation from replacement cost.

151. Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation is termed as

Contingent liability

Liability

Provision

Reserve

✅ The correct answer is C.
Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation is termed as Provision. A provision is an account which records a present liability of an entity.

1625. From the below given age proof documents, identify the one which is classified as non-standard by insurance companies.

School certificate

Identity card in case of defence personnel

Ration card

Certificate of baptism

✅ The correct answer is C.
Ration card is classified as non-standard by insurance companies.

1627. Which of the following is not a widely used midrange or high-end e-commerce suite?

Microsoft Commerce Server

WebTrends Marketing Lab2

IBM WebSphere Commerce

Broadvision Commerce

✅ The correct answer is A.
Microsoft Commerce Server is not a widely used midrange or high-end e-commerce suite. Microsoft is one of the providers of commerce servers. Microsoft Commerce Server was first released in 2000 and was used to creatie e-commerce systems. It uses Microsoft’s .NET technology.

1629. Nominal interest rates and nominal cash flows are usually reflected the

inflation effects

opportunity effects

equity effects

debt effects

✅ The correct answer is A.
Nominal interest rates and nominal cash flows are usually reflected the inflation effects. Inflation has the following effects on production activities: Inflation may or may not result in an increase in production. As long as the economy does not reach the full employment stage, inflation has a favorable effect on production. Usually, as the price level increases, profits increase too.

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