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1190. When cash is received from contractee which a/c should be credited.

Cash a/c

Contract a/c

Contractor a/c

Contractee a/c

✅ The correct answer is D.
When cash is received from contractee Contractee a/c should be credited.

1191. Which of the following actions showcases the principle of “uberrima fides”?

Lying about known medical conditions on an insurance proposal form

Not revealing known material facts on an insurance proposal form

Disclosing known material facts at the time of taking the policy

Paying premium on time

✅ The correct answer is C.
Uberrima fides is a Latin phrase, meaning “utmost good faith”. This means that all the parties to an insurance contract must deal in good faith, making a full declaration of all the material facts in the insurance proposal.

1192. Capital gains yield is multiplied for beginning price to calculate

capital gain

growth gain

regular yield

variable yield

✅ The correct answer is A.
Capital gains yield is multiplied for beginning price to calculate capital gain. Capital gain is a rise in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold.

1194. Unit Linked policy scores over Traditional plan with respect to

Transparent charges structure

Value of the units related to an index of performance

Both premium and sum insured (as a multiple of annual premium) decided by the insured

All of the above

✅ The correct answer is D.
Unit Linked policy scores over traditional plan with respect to Transparent charges structure, value of the units related to an index of performance and both premium and sum insured (as a multiple of annual premium) decided by the insured.

1196. What is a program, when installed on a computer, records every keystroke and mouse click?

Key logger software

Hardware key logger

Adware

✅ The correct answer is A.
Key logger software is a program, when installed on a computer, records every keystroke and mouse click. A keylogger can be either a piece of software or a small hardware device that is used to capture the keystrokes that are typed on the keyboard.

1198. In financial markets, period of maturity within one to five years of financial instruments is classified as

short-term

long-term

intermediate term

capital term

✅ The correct answer is C.
In financial markets, period of maturity within one to five years of financial instruments is classified as intermediate term. A term is an intermediate (or innominate) term if the remedy for its breach depends on the effect of the breach at the time it happens.

1169. Cyber slacking consists of what activities?

Visiting “inappropriate” web sites

Visiting news sites

Chatting online with others about non‐work topics

All of the above

✅ The correct answer is D.
Cyber slacking consists of Visiting “inappropriate” web sites, Visiting news sites and Chatting online with others about non‐work topics.

1170. Owning two securities instead of one will not reduce the risk taken by an investor if the two securities are______________.

perfectly positively correlated with each other

perfectly independent of each other

perfectly negatively correlated with each other

of the same category, eg blue chips

✅ The correct answer is A.
Owning two securities instead of one will not reduce the risk taken by an investor if the two securities are perfectly positively correlated with each other. The term “security” is a fungible, negotiable financial instrument that holds some type of monetary value. It represents an ownership position in a publicly-traded corporation via stock a creditor relationship with a governmental body or a corporation represented by owning that entity’s bond or rights to ownership as represented by an option.

1171. First ranked product, in incremental revenue allocation method, is classified as

primary product

First incremental product

Second incremental product

Third incremental product

✅ The correct answer is A.
First ranked product, in incremental revenue allocation method, is classified as primary product. Primary products are goods that are available from cultivating raw materials without a manufacturing process.

1174. Which function is regarded as the essence of management?

Planning

Organizing

Staffing

Co-ordination

✅ The correct answer is D.
Co-ordination is regarded as the essence of management. In other words, Co-ordination affects Planning, Organising, Staffing, Directing, Communication, Leading, Motivating and Controlling.

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