Author name: Administrator

3116. Maturity claim is payable when _________

When the insured survives the first 5 years
When the insured dies during policy term
When the insured is diagnosed with a critical illness
When the insured survives policy term
✅ The correct answer is D.
Maturity claim is payable when the insured survives policy term. Maturity Claim is associated with the Maturity Benefit of the Policy i.e. the claim which arises when the policy matures. It simply means that when the policy completes its tenure, a certain amount of money called Maturity Claim amount is settled towards the life assured.

3122. Which of the following is not a method of cost absorption?

Percentage of direct material cost
Machine hour rate
Labour hour rate
Repeated distribution method
✅ The correct answer is D.
Repeated distribution method is not a method of cost absorption. Absorption costing is a method for accumulating the costs associated with a production process and apportioning them to individual products.

3124. Number of methods available for calculation of Labour turnover is ________.

two
three
four
five
✅ The correct answer is B.
Separation Method

Labour Turnover = No. of workers left or separated during a period / Average number of workers on role during that period x 100

Replacement Method

Labour Turnover = No. of workers replaced during a period / Average number of workers on role during that period x 100

Flux Method

Labour Turnover = (No.of workers separated in a period + No. of workers replaced in the same period) / Average number of workers on role during that period x 100

Note : Average No.of. Workers = (No. of workers at the beginning of the period + No. of workers at the end of the period) / 2

3125. Demand curve slopes downward because of the law of

Consumer equilibrium
Utility maximization
Utility minimization
Diminishing marginal utility
✅ The correct answer is D.
Demand curve slopes downward because of the law of Diminishing marginal utility. The law of diminishing marginal utility states that with each increasing quantity of the commodity, its marginal utility declines.

3126. What type of ad appears on top of a web page?

pop‐under ad
pop‐up ad
banner ad
discount ad
✅ The correct answer is B.
pop‐up ad type of ad appears on top of a web up ad. Pop-up ads or pop-ups are forms of online advertising on the World Wide Web. A pop-up is a graphical user interface (GUI) display area, usually a small window, that suddenly appears (“pops up”) in the foreground of the visual interface.

3127. Costs of undertaken activities is to support individual products are known as

expected sustaining
input sustaining
output sustaining
product sustaining costs
✅ The correct answer is D.
Costs of undertaken activities is to support individual products are known as product sustaining costs. Product-sustaining costs are cost activities that support a particular product or service line, regardless of the number of units produced.

3129. Profession involves _________.

Rendering of personal service
Undertaking a business
Undertaking a contract
Profit motive
✅ The correct answer is A.
Profession involves rendering of personal service. The service is based on professional education, knowledge, training etc. This service is provided for a professional fees charged from the clients.
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