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1617. According to capital asset pricing model assumptions, variances, expected returns and covariance of all assets are

identical

not identical

fixed

variable

✅ The correct answer is A.
According to capital asset pricing model assumptions, variances, expected returns and covariance of all assets are identical. The Capital Asset Pricing Model ( CAPM) describes the relationship between systematic risk and expected return for assets, particularly stocks.

150. Joint venture account is a

Nominal account

Personal account

Real account

Dummy account

✅ The correct answer is A.
Joint venture account is a Nominal account.

1619. A type of project whose cash flows would not depend on each other is classified as

project net gain

independent projects

dependent projects

net value projects

✅ The correct answer is B.
A type of project whose cash flows would not depend on each other is classified as independent projects. A project whose acceptance or rejection is independent of the acceptance or rejection of other projects.

1620. What does a premium depend upon?

The place of worship visited by the person to be insured

The state of health of the policyholder

The decision of the underwriter

The report of the agent

✅ The correct answer is C.
Premium depend upon the decision of the underwriter.Their job is to review applications for insurance, analyze risks and decide whether the company will offer coverage.

1621. What is the essential feature of an MRI?

To bargain for cheaper mortgage rates from loan provider

To continuously protect the value of the mortgaged property

To escape court action of attachment in case of default or indebtedness

To act as a collateral for ensuring financial protection for home loan borrowers

✅ The correct answer is D.
The essential feature of an MRI is to act as a collateral for ensuring financial protection for home loan borrowers.

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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