Author name: Administrator

995. Public Pensions are provided by the

Insurance companies
Employers
Individuals
State
✅ The correct answer is D.
Public Pensions are provided by the State. Public pensions are especially important for the 28 percent of state and local government workers not covered by Social Security.

996. If market interest rate rises above coupon rate then bond will be sold

equal to return rate
seasoned price
below its par value
above its par value
✅ The correct answer is C.
If market interest rate rises above coupon rate then bond will be sold below its par value. Once a bond is issued the issuing corporation must pay to the bondholders the bond’s stated interest for the life of the bond.

997. What is lien?

An underwriting decision where increased death benefit would be payable
An underwriting decision where decreased death benefit would be payable
A decision which does not alter the death benefit
None of the three
✅ The correct answer is B.
A lien is a legal right granted by the owner of property, by a law or otherwise acquired by a creditor. A lien serves to guarantee an underlying obligation, such as the repayment of a loan. If the underlying obligation is not satisfied, the creditor may be able to seize the asset that is the subject of the lien. A lien is an underwriting decision where decreased death benefit would be payable.

87. An increase in the value of fixed asset is referred to as:

Depreciation
Appreciation
Market capitalization
Reverse depreciation
✅ The correct answer is B.
An increase in the value of fixed asset is referred to as Appreciation. Appreciation, in general terms, is an increase in the value of an asset over time. The increase can occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates.

88. Which of the following capital is required for the registration of the company?

Issued capital
Subscribed capital
Authorized capital
Reserve capital
✅ The correct answer is C.
Authorized capital is required for the registration of the company. The authorized capital of a company (sometimes referred to as the authorized share capital, registered capital or nominal capital, particularly in the United States) is the maximum amount of share capital that the company is authorized by its constitutional documents to issue (allocate) to shareholders.

1000. Products, divisions and customers are examples of

revenue increment
reciprocal revenue
revenue allocation
revenue object
✅ The correct answer is D.
Products, divisions and customers are examples of revenue object. A revenue object document is used as the basis for revenue recognition and partner settlement.

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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