Author name: Administrator

733. An annual rate of 16% if quoted by credit card issuer usually a bank is classified as

loan rate of return
local rate of return
annual percentage rate
annual rate of return
✅ The correct answer is C.
An annual rate of 16% if quoted by credit card issuer usually a bank is classified as annual percentage rate. An annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.

735. Higher level of production leads to

higher repair cost
higher setup cost
lower repair cost
higher setup cost
✅ The correct answer is A.
Higher level of production leads to higher repair cost.

737. A discount rate which equals to present value of TV to project cost present value is classified as

negative internal rate of return
modified internal rate of return
existed internal rate of return
relative rate of return
✅ The correct answer is B.
A discount rate which equals to present value of TV to project cost present value is classified as modified internal rate of return. The internal rate of return (IRR) is a metric used in capital budgeting to estimate the profitability of potential investments.

739. Interest rates are one of the important components used while determining the premium. Which of the below statement is correct with regards to interest rates?

Lower the interest rate assumed, lower the premium
Higher the interest rate assumed, higher the premium
Higher the interest rate assumed, lower the premium
The interest rates don’t affect premiums
✅ The correct answer is C.
Higher the interest rate assumed, lower the premium. In other words the higher the rate of interest assumed, the lower the present value.

707. IRDA stand for _________

International Regulatory & development Authority
Indian Regulatory & development Authority
Insurance Regulatory & development Authority
Income Regulatory & development Authority
✅ The correct answer is C.
IRDA stand for Insurance Regulatory & development Authority.

711. What is not a true index of service quality?

Reliability
Smartness
Empathy and understanding
Responsiveness
✅ The correct answer is B.
Smartness is not a true index of service quality. Reliability, Empathy and understanding and Responsiveness is a true index of service quality.
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