Author name: Administrator

1541. Which co-operative societies are helpful to their members in purchasing land and constructing houses?

Consumers
Producers
Marketing
Housing
✅ The correct answer is D.
Housing co-operative societies are helpful to their members in purchasing land and constructing houses. These societies are formed to provide residential houses to members. They purchase land, develop it and construct houses or flats and allot the same to members. Some societies also provide loans at low rate of interest to members to construct their own houses.

136. Legal expenses incurred on a suit for breach of contract to supply goods is a

Capital expenditure
Deferred Revenue expenditure
Revenue expenditure
Both ‘b’ and ‘c’
✅ The correct answer is C.
Legal expenses incurred on a suit for breach of contract to supply goods is a Revenue expenditure. A revenue expenditure is a cost that will be an expense in the accounting period when the expenditure takes place.

1544. Constant growth model would not be used in condition if growth rate is

greater than dividend paid
equal to realized rate of return
less than realized rate of return
greater than realized rate of return
✅ The correct answer is D.
Constant growth model would not be used in condition if growth rate is greater than realized rate of return. A real rate of return is the annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other external factors.

1545. Exclusions in a health insurance policy mean

Diseases covered under health cover
Diseases specifically not covered
Both A & B
None of the above
✅ The correct answer is B.
Exclusions in a health insurance policy mean diseases specifically not covered. An exclusion is a provision within an insurance policy that eliminates coverage for certain acts, property, types of damage or locations.

1546. State the correct position in a missing assured death claim

Payment is subject to an order from a competent court of law
Payment will depend on the policy status as on the date of the court order
Seven year waiting period is as per the Indian Evidence Act
All of the above
✅ The correct answer is D.
All the statements are correct.
Payment is subject to an order from a competent court of law, Payment will depend on the policy status as on the date of the court order and Seven year waiting period is as per the Indian Evidence Act.

1548. In commercial contracts, the principle to be observed is

Caveat Emptor
Indemnity
Proximity
Uberrima Fides
✅ The correct answer is A.
In commercial contracts, the principle to be observed is Caveat Emptor. Caveat emptor is a Latin term that means “let the buyer beware.” Similar to the phrase “sold as is,” this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.

1550. Stock issued by company have lower rate of return because of

high market to book ratio
low book to market ratio
low market to book ratio
high book to market ratio
✅ The correct answer is B.
Stock issued by company have lower rate of return because of low book to market ratio. The book-to-market ratio is used to find a company’s value by comparing its book value to its market value.
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