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1368. An efficient market hypothesis states in which all public or private information is reflected in current market prices is classified as

market efficiency
semi strong efficiency
weak form efficiency
strong form efficiency
✅ The correct answer is D.
An efficient market hypothesis states in which all public or private information is reflected in current market prices is classified as strong form efficiency. Strong-form efficiency is a component of the random walk theory and states that market and securities prices are not random and are influenced by past events. Strong-form efficiency is the opposite of weak form efficiency.

1369. Net working capital refers to.

total assets minus fixed assets
current assets minus current liabilities
current assets minus inventories
current assets.
✅ The correct answer is B.
Net working capital refers to current assets minus current liabilities. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable.

1370. Supply of a commodity is a

Stock concept
Flow concept
Both stock and flow concept
None of the above
✅ The correct answer is B.
Supply of a commodity is a flow concept. the commodity which the sellers or producers are able and willing to offer for sale at a particular price, during a certain period of time.

1371. In cost terms, direct manufacturing labour cost is included in

manufacturing costs
prime costs
conversion costs
both B and C
✅ The correct answer is D.
In cost terms, direct manufacturing labour cost is included in prime costs and conversion costs. Direct labor cost is the total cost of employing workers that work directly on a manufacturing product.

1352. Which of the below statement is incorrect with regards to assignment of an insurance policy?

In case of Absolute Assignment, in the event of death of the assignee, the title of the policy would pass to the estate of the deceased assignee
The assignment of a life insurance policy implies the act of transferring the rights right, title and interest in the policy (as property) from one person to another
It is necessary that the policyholder must give notice of assignment to the insurer
In case of Absolute Assignment, the policy vests absolutely with the assignee till maturity, except in case of death of the insured during the policy tenure, wherein the policy reverts back to the ben
✅ The correct answer is D.
In case of Absolute Assignment, the policy vests absolutely with the assignee till maturity, except in case of death of the insured during the policy tenure, wherein the policy reverts back to the ben is incorrect with regards to assignment of an insurance policy.

1354. Surrender value expressed as a percentage of premiums paid is called –

Guaranteed surrender value
Special surrender value
Special revival value
Minimum surrender value
✅ The correct answer is A.
Surrender value expressed as a percentage of premiums paid is called Guaranteed surrender value. The guaranteed surrender value is the amount guaranteed to the policy holder in case of voluntary termination of the policy by the policy holder before maturity.
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