104. There must be a gap of at least ___ month between two calls
3
1
6
2
✅ The correct answer is B.
There must be a gap of at least 1 month between two calls.
There must be a gap of at least 1 month between two calls.
1154. Which of the following is NOT true regarding ULIP?
A unit holder can choose between different kinds of funds
Life insurer provides guarantee for unit values
Units may be purchased by payment of a single premium or by regular premium payments
ULIP policy structure is transparent with regards to the insurance expenses component
✅ The correct answer is B.
ULIP is a life insurance product which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.
ULIP is a life insurance product which provides risk cover for the policy holder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.
1156. Cash sales, accounts receivables and rental receipts all are known as
cash receipts
budget receipts
goods manufactured
total goods sold
✅ The correct answer is A.
Cash sales, accounts receivables and rental receipts all are known as cash receipts. A cash receipt is a printed statement of the amount of cash received in a cash sale transaction.
Cash sales, accounts receivables and rental receipts all are known as cash receipts. A cash receipt is a printed statement of the amount of cash received in a cash sale transaction.
1141. A portfolio consists of all stocks in a market is classified as
market portfolio
return portfolio
correlated portfolio
diversified portfolio
✅ The correct answer is A.
A portfolio consists of all stocks in a market is classified as market portfolio. A market portfolio is a theoretical bundle of investments that includes every type of asset available in the world financial market, with each asset weighted in proportion to its total presence in the market.
A portfolio consists of all stocks in a market is classified as market portfolio. A market portfolio is a theoretical bundle of investments that includes every type of asset available in the world financial market, with each asset weighted in proportion to its total presence in the market.
1142. Calculate income elasticity for the household when the income of a household rises by 10% and the demand for Rice rises by 5%.
-0.5
0.5
-2
2
✅ The correct answer is B.
Income elasticity for the household when the income of a household rises by 10% and the demand for Rice rises by 5% is 0.5. Income Elasticity = (% change in quantity demanded) / (% change in income).
Income elasticity for the household when the income of a household rises by 10% and the demand for Rice rises by 5% is 0.5. Income Elasticity = (% change in quantity demanded) / (% change in income).
102. The accrual basis of accounting records revenues when they are
Collected
Earned
Contracted
Readily available for use
✅ The correct answer is B.
The accrual basis of accounting records revenues when they are earned. In other words, under the accrual basis of accounting, the receipt of cash and the payment of cash are not the focus of reporting revenues and expenses.
The accrual basis of accounting records revenues when they are earned. In other words, under the accrual basis of accounting, the receipt of cash and the payment of cash are not the focus of reporting revenues and expenses.
1125. An assumption, which states that there must be linear relationship between independent variable and dependent variable is
irrelevant range of linearity
relevant range of linearity
significant range
insignificant range
✅ The correct answer is B.
An assumption, which states that there must be linear relationship between independent variable and dependent variable is relevant range of linearity.
An assumption, which states that there must be linear relationship between independent variable and dependent variable is relevant range of linearity.
1126. Policy Allocation Charge would be _________ in the initial years.
High
Low
Moderate
None of the three
✅ The correct answer is A.
Policy Allocation Charge would be high in the initial years.
This is deducted from the premium upfront. It is a percentage of the premium appropriated towards charges before allocating the units under the policy. This charge is levied to recover the initial expense incurred towards issuing the policy such as the distributor fee and the cost of underwriting. The balance is the investable amount used to purchase units of the funds chosen by the policyholder. Though the Insurance and Regulatory and Development Authority, or IRDA, has set guidelines that ensure a cap on these charges from the fifth year onwards, the premium allocation charges in the first few years continue to remain significantly high.
Policy Allocation Charge would be high in the initial years.
This is deducted from the premium upfront. It is a percentage of the premium appropriated towards charges before allocating the units under the policy. This charge is levied to recover the initial expense incurred towards issuing the policy such as the distributor fee and the cost of underwriting. The balance is the investable amount used to purchase units of the funds chosen by the policyholder. Though the Insurance and Regulatory and Development Authority, or IRDA, has set guidelines that ensure a cap on these charges from the fifth year onwards, the premium allocation charges in the first few years continue to remain significantly high.
1128. A worm is designed to spread _________.
from computer to computer
from file to file on a computer
from Web site to Web site
from Web site to computer
✅ The correct answer is A.
A worm is designed to spread from computer to computer. A computer worm is a standalone malware computer program that replicates itself in order to spread to other computers. Often, it uses a computer network to spread itself, relying on security failures on the target computer to access it.
A worm is designed to spread from computer to computer. A computer worm is a standalone malware computer program that replicates itself in order to spread to other computers. Often, it uses a computer network to spread itself, relying on security failures on the target computer to access it.
1130. Cause and effect relationship between activity and costs is result of
contractual agreement
knowledge of operations
measureable unit relationship
all of above
✅ The correct answer is D.
Cause and effect relationship between activity and costs is result of contractual agreement, knowledge of operations and measureable unit relationship.
Cause and effect relationship between activity and costs is result of contractual agreement, knowledge of operations and measureable unit relationship.