Author name: Administrator

1321. _________ Deals with appointing people and placing them at the appropriate jobs.

Human resources
Recruitment
Staffing
Placement
✅ The correct answer is C.
Staffing deals with appointing people and placing them at the appropriate jobs. Staffing is the process of hiring eligible candidates in the organization or company for specific positions. In management, the meaning of staffing is an operation of recruiting the employees by evaluating their skills, knowledge and then offering them specific job roles accordingly.

1323. Which of the below statement is incorrect with regards to a policy against which a loan has been taken from the insurance company?

The policy will have to be assigned in favour of the insurance company
The nomination of such policy will get cancelled due to assignment of the policy in favour of the insurance company
The nominee’s right will be affected to the extent of the insurer’s interest in the policy
The policy loan is usually limited to a percentage of the policy’s surrender value
✅ The correct answer is B.
The nomination of such policy will get cancelled due to assignment of the policy in favour of the insurance company is incorrect with regards to a policy against which a loan has been taken from the insurance company.

1324. Learning curve models include

cumulative average time learning model
incremental unit time learning model
incremental production learning model
both a and b
✅ The correct answer is D.
Learning curve models include cumulative average time learning model and incremental unit time learning model.

1326. In expected rate of return for constant growth, an expected yield on capital must be

equal to zero
greater than expected growth rate
less than expected growth rate
equal to expected growth rate
✅ The correct answer is D.
In expected rate of return for constant growth, an expected yield on capital must be equal to expected growth rate. Growth rates typically represent the compounded annualized rate of growth of a company’s revenues, earnings, dividends or even macro concepts, such as gross domestic product (GDP) and retail sales. Expected forward-looking or trailing growth rates are two common kinds of growth rates used for analysis.

1330. Money market funds were a financial innovation partly inspired to circumvent __________.

Regulation Q, which is no longer in existence
Regulation M
Regulation D
Regulation B, which is still in existence
✅ The correct answer is A.
Money market funds were a financial innovation partly inspired to circumvent Regulation Q, which is no longer in existence. A money market fund is a kind of mutual fund that invests only in highly liquid instruments such as cash, cash equivalent securities, and high credit rating debt-based securities with a short-term, maturity less than 13 months. As a result, these funds offer high liquidity with a very low level of risk.

1332. Success of cost reduction initiatives are evaluated by accurate

cyclical factors
indexed technique
price estimation
cost estimation
✅ The correct answer is D.
Success of cost reduction initiatives are evaluated by accurate cost estimation. A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process.

116. Which of the following is not a transaction?

Goods are purchased on cash basis for Rs.1000
Salaries are paid for the month of May 2010
Land is purchased for Rs. 10 lacs
An employee dismissed from the job
✅ The correct answer is D.
An employee dismissed from the job is not a transaction. A transaction is an agreement between a buyer and a seller to exchange goods, services or financial instruments.

1306. Which policy is suited to clear off a client’s liability for mortgage loan?

Endowment policy
Whole Life Policy
Money Back Policy
Mortgage Redemption policy
✅ The correct answer is D.
Mortgage Redemption policy is suited to clear off a client’s liability for mortgage loan. A mortgage redemption plan is an insurance that is available to those who take a home loan and corresponds to the quantum of loan that they take. The advantage of such a policy is that in case the insured dies during the loan repayment period, the insurance pays off the loan liability. This plan normally provides insurance cover only up to the age of 65 years because all loans are often liquidated by an individual by the time he reaches this age, if not by the time he retires at the age of 60 years.
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