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1415. “After inviting tenders for supply of raw materials, two quotations are received as follows— Supplier P Rs 2.20 per unit, Supplier Q Rs 2.10 per unit plus Rs 2,000 fixed charges irrespective of the units ordered. The order quantity for which the purchase price per unit will be the same—”

22,000 units

20,000 units

21,000 units

None of the above.

✅ The correct answer is B.

1416. All of the following are objectives of private industrial networks except ________.

developing efficient purchasing and selling business processes industry-wide

operating on a local scale

creating increased supply chain visibility

reducing industry risk

✅ The correct answer is B.
All of the following are objectives of private industrial networks except operating on a local scale.

1397. Praveen died in a car accident. The beneficiary submits documents for a death claim. Which of the below document is an additional document required to be submitted in case of accidental death as compared to natural death?

Certificate of burial or cremation

Treating physician’s certificate

Employer’s certificate

Inquest Report

✅ The correct answer is D.
Inquest Report document is an additional document required to be submitted in case of accidental death as compared to natural death. In general, a court inquiry (sometimes with the aid of specially chosen jury) into a specific matter. In particular, an inquiry by a coroner into the death of person who died under suspicious circumstances or in police custody.

1398. Life insurance in its present form came to India from ___________.

The United Kingdom

The USA

Canada

Germany

✅ The correct answer is A.
Life insurance in its present form came to India from The United Kingdom.

1399. Type of bonds that are issued by foreign governments or foreign corporations are classified as

zero risk bonds

zero bonds

foreign bonds

government bonds

✅ The correct answer is C.
Type of bonds that are issued by foreign governments or foreign corporations are classified as foreign bonds. A foreign bond is a bond issued in a domestic market by a foreign entity in the domestic market’s currency as a means of raising capital.

1400. Which of the below can be categorised under wealth accumulation products?

Bank deposits

Life insurance

General insurance

✅ The correct answer is D.
Shares is a wealth accumulation product. To build a corpus for long-term goals like buying a house, building a retirement kitty or funding a child’s education, investors must choose products that provide enhanced earning power. This can come in the form of diversified equity funds.

1401. If any by-product is produced and sold it is credited to ________.

profit and loss a/c

by-product a/c

process a/c

abnormal gain a/c

✅ The correct answer is C.
If any by-product is produced and sold it is credited to process a/c.

1403. Real rate of return, risk and expected inflation are primary determinants of

minimum rate of return

accepted return

expected return

real risk free rate

✅ The correct answer is A.
Real rate of return, risk and expected inflation are primary determinants of minimum rate of return. The required rate of return is the minimum return an investor expects to achieve by investing in a project. An investor typically sets the required rate of return by adding a risk premium to the interest percentage that could be gained by investing excess funds in a risk-free investment.

1405. Annuities are not classified on the basis of –

How purchased

How often paid

When annuity begins

Profits/Bonus

✅ The correct answer is D.
Annuities are not classified on the basis of Profits/Bonus. Annuities are classified according to the nature of the payment and the duration of time for payment. If, however, the investment has fared poorly, the size of the payments decreases. A straight annuity is a contract by an insurance company to make variable payments at monthly or yearly intervals.

1407. The communication process is made up of various components. Which of the following is the actual physical product from the source?

Feedback

Filter

Message

Channel

✅ The correct answer is C.
The communication process is made up of various components. Message is the actual physical product from the source. The message is the actual physical product from the source encoding.

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