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1023. Three elements that promote trust are

Communication, assertiveness and punctuality
Attraction, communication and punctuality
Politeness, affirmation and ability to effectively communicate
Affirmation, assertiveness and attraction
✅ The correct answer is B.
Three elements that promote trust are Attraction, communication and punctuality.

1024. In a joint process of production, two or more products that yield high volume of sales as compared to total sales of other products are classified as

split off product
joint product
sunk product
main product
✅ The correct answer is B.
In a joint process of production, two or more products that yield high volume of sales as compared to total sales of other products are classified as joint product. A joint product is a product that results jointly with other products from processing a common input. A joint product can be the output of a process with fixed or variable proportions.

90. Which of the following are the owners of a company?

Proprietors
Partners
Shareholders
Managers
✅ The correct answer is C.
Shareholders are the owners of a company. A shareholder, also referred to as a stockholder, is any person, company, or institution that owns at least one share of a company’s stock.

1011. Which of the following is not a pre-requisite for launching a complaint with ombudsman?

The complaint must be made by an individual on a ‘Personal Lines’ insurance
The complaint must be lodged within 1 year of the insurer rejecting the complaint
Complainant has to approach a consumer forum prior to ombudsman
The total relief sought must be within an amount of Rs. 20 lakh
✅ The correct answer is C.
A person can directly lodge a complaint with ombudsman. Hence, it is not a pre-requisite that complainant has to approach a consumer forum prior to ombudsman.

1013. Real interest rate and real cash flows do not include

equity effects
debt effects
inflation effects
opportunity effects
✅ The correct answer is C.
Real interest rate and real cash flows do not include inflation effects. Inflation may or may not result in an increase in production. As long as the economy does not reach the full employment stage, inflation has a favorable effect on production. Usually, as the price level increases, profits increase too.

1003. Flexible budget amount is added to flexible budget variance to calculate

static result
actual result
secondary result
primary result
✅ The correct answer is B.
Flexible budget amount is added to flexible budget variance to calculate actual result. A flexible budget, also called a variable budget, is financial plan of estimated revenues and expenses based on the current actual amount of output.
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