Author name: Administrator

3051. State the correct statement out of the following ones.

Primary care means acute care to a patient in a hospital
It means extensive care provided to a patient in a acute setting
First point of contact for health care to a needy person
Care provided by experts to solve a medical problem faced by a patient
✅ The correct answer is C.
First point of contact for health care to a needy person. Primary healthcare is the first contact a person has with the health system when they have a health problem.

3047. What is correct

Insurer in certain circumstances may waive subsequent premiums
Policy document and FPR are one and the same
RPRs are revival premium receipt
After issue of FPR subsequent premiums are to be paid by the assured
✅ The correct answer is D.
After the issue of the FPR, the insurance company will issue subsequent premium receipts when it receives further premiums from the proposer. These receipts are known as renewal premium receipts (RPR). The RPRs act as proof of payment in the event of any disputes related to premium payment.

3023. Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than ________.

50%
60%
835%
100%
✅ The correct answer is D.
Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than 100%. If a worker takes more time than the standard time to complete the task (i.e., his efficiency is below 100%), he is given wages for the time taken by him and if a worker takes the standard time to perform the task (i.e., efficiency is 100%), he is given wages for the standard time and a bonus of 20% on the wages earned.

3024. Which is not a central problem of an economy?

What to produce
How to produce
How to maximize private profit
For whom to produce
✅ The correct answer is C.
How to maximize private profit is not a central problem of an economy. Some of the central problems that are faced by every economy of a country are as follows: Production, distribution and disposition of goods and services are the basic economic activities of life. In the course of these activities, every society has to face scarcity of resources.

289. Which one of the following is NOT true about capital expenditure?

Creates future benefits
Incurred to acquire fixed assets
Incurred to increase the economic life of existing fixed assets
Reduce the profit of the concern
✅ The correct answer is D.
Capital expenditure does not reduce the profit of the concern. Capital expenditures refer to funds that are used by a company for the purchase, improvement, or maintenance of long-term assets to improve the efficiency or capacity of the company.

3026. Which of following is an example of purchasing costs?

incoming freight
storage costs
insurance
spoilage
✅ The correct answer is C.
Insurance is an example of purchasing costs. It is important when you decide to buy a home that you have a full understanding of the costs associated with your purchase.

3027. A policy taken with critical illness rider benefit is being assigned. Which type of assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim?

Absolute assignment
Conditional assignment
Loan assignment
Collateral assignment
✅ The correct answer is B.
A policy taken with critical illness rider benefit is being assigned. Conditional assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim.

3028. State the incorrect statement

In the event of loss of policy document, no fresh proposal needed
The insurer will in such an event issue a duplicate policy without making any change in the contract
No fresh underwriting is involved for issue of a duplicate policy
The assured has to approach a competent court of law and obtain an order directing the insurer to issue a duplicate policy
✅ The correct answer is D.
The assured does not have to approach a competent court of law and obtain an order directing the insurer to issue a duplicate policy.

3029. Stockholders that do not get benefits even if company’s earnings grow are classified as

preferred stockholders
common stockholders
hybrid stockholders
debt holders
✅ The correct answer is A.
Stockholders that do not get benefits even if company’s earnings grow are classified as preferred stockholders. Preferred shareholders have priority over common stockholders when it comes to dividends, which generally yield more than common stock and can be paid monthly or quarterly.

3030. _________ is equal to (common shareholders’ equity/common shares outstanding).

book value per share
liquidation value per share
market value per share
Tobin’s Q
✅ The correct answer is A.
Book value per share is equal to (common shareholders’ equity/common shares outstanding). The term “book value” is a company’s assets minus its liabilities and is sometimes referred to as stockholder’s equity, owner’s equity, shareholder’s equity, or simply equity.
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