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1317. Primary care can be described as _________.

Care provided to patient in an acute setting

Care provided in hospitals

First point of contact for people seeking healthcare

Care provided by Doctors

✅ The correct answer is C.
Primary care can be described as first point of contact for people seeking healthcare. Primary care includes health promotion, disease prevention, health maintenance, counseling, patient education, diagnosis and treatment of acute and chronic illnesses in a variety of health care settings (e.g., office, inpatient, critical care, long-term care, home care, day care, etc.).

1318. An approach in which company under-costs it’s one product and over-costs at least one product is classified as

service-cost across subsidizing

product-price cross subsidizing

product-cost cross subsidizing

product cross subsidizing

✅ The correct answer is C.
An approach in which company under-costs it’s one product and over-costs at least one product is classified as product-cost cross subsidizing. Product-cost cross-subsidization is the strategy of pricing a product above its market value to subsidize the loss of pricing a different product below its market value.

1299. Insurance is legitimate

When an adverse happening is likely

When an adverse happening is unlikely

When an adverse happening is certain

In all the above three situations

✅ The correct answer is A.
Insurance is legitimate when an adverse happening is likely toh happen.

1300. Discriminating monopoly implies that the monopolist charges different prices for its commodity

From different groups of consumers

For different uses

At different places

Any of the above

✅ The correct answer is D.
Discriminating monopoly implies that the monopolist charges different prices for its commodity From different groups of consumers, for different uses and at different places.

1302. Preferred stock dividends must be paid on common stock and must have

fixed amount of dividends

fixed amount of shares

variable amount of dividends

variable amount of shares

✅ The correct answer is A.
Preferred stock dividends must be paid on common stock and must have fixed amount of dividends. Preferred dividends are the dividends that are accrued paid on a company’s preferred stock. Any time a company pays dividends, preferred shareholders have priority over common shareholders, which means dividends must always be paid to preferred shareholders before they are paid to common shareholders.

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.

1308. The average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000. What is the average fixed cost of producing 100 units?

Rs.10

Rs.30

Rs.20

Rs.5

✅ The correct answer is A.
Average Fixed Cost = Total Fixed Cost / Number of Units.
AFC = 1000/100 = Rs. 10.

115. Which of the following is/are fixed asset(s)?

Closing inventory

Fixed deposit in a bank

Patents

Prepaid expenses

✅ The correct answer is C.
Patents are fixed assets. The accounting process for patents is similar to other fixed assets. Companies allocate or amortize the costs over the life of the patent.

1281. Which of the following short term securities is inappropriate for an individual, desiring funds for financial emergencies?

treasury bills

certificates of deposit

financial futures

savings accounts

✅ The correct answer is C.
Financial futures short term securities is inappropriate for an individual, desiring funds for financial emergencies. Futures contract to buy or sell a specific financial instrument (such as treasury bills, certificates of deposit, or foreign currencies) at a specific future date and at a specified price. The market value of these contracts generally moves in a direction opposite to that of the interest rates.

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