Administrator, Author at GetMCQs

497. Which one of the following statement is correct?

Every Annuity is pension

Every Pension is an Annuity

Both A & B

None of the above

✅ The correct answer is B.
Every Pension is an Annuity.
Pension scheme gives an opportunity to invest and accumulate savings and get lump sum amount as regular income through annuity plan on retirement.

500. “From the following information, calculate the extra cost of material by following EOQ: Annual consumption = 45000 units Ordering cost per order = Rs 10 Carrying cost per unit per annum = Rs 10 Purchase price per unit = Rs 50 Re-order quantity at present = 45000 units There is discount of 10% per unit in case of purchase of 45000 units in bulk”

No saving

Rs. 2,00,000

Rs. 2,22,010

Rs. 2,990

✅ The correct answer is D.

503. If relevant opportunity cost of capital is $2950 and relevant carrying cost of inventory is $6700, then relevant incremental cost will be

$9,650

$2,350

$3,750

$2,750

✅ The correct answer is C.
Relevant incremental cost = Relevant carrying cost of inventory – Relevant opportunity cost of capital
= $6700 – $2950 = $3,750

506. Which process is used to reinstall data from a copy when the original data has been lost?

backup

recovery

benchmarking

data cleansing

✅ The correct answer is B.
Recovery process is used to reinstall data from a copy when the original data has been lost. Data restore is the process of copying backup data from secondary storage and restoring it to its original location or a new location.

470. Type of variability in which a project contributes in return of company is considered as

variable risk

within firm risk

corporate risk

Both B and C

✅ The correct answer is D.
Type of variability in which a project contributes in return of company is considered as variable risk and within firm risk.

473. The shape of PPC is concave due to

Falling opportunity cost between two goods

Rising opportunity cost between two goods

Constant opportunity cost between two goods

None of the above

✅ The correct answer is B.
The shape of PPC is concave due to rising opportunity cost between two goods. Most of the PPF curves are concave due to the inadaptability of the resources. The law of increasing opportunity cost states: as the production of one good rises, the opportunity cost of producing that good increases.

476. Expand the term IGMS.

Insurance General Management System

Indian General Management System

Integrated Grievance Management System

Intelligent Grievance Management System

✅ The correct answer is C.
The Integrated Grievance Management System(IGMS) facilitates online registration of policyholders’ complaints and helps track their statuses.

450. Process a/c is ________.

nominal a/c

a real a/c

personal a/c

either nominal or real a/c

✅ The correct answer is A.
Process a/c is nominal a/c. A process account which is similar to a ledger account in financial accounting is an equivalent of a nominal account.

453. In which method of filing, all the letters and documents are passed in the book in chorological order?

Box file

Bound book

Metal holders

Pillar file

✅ The correct answer is B.
In Bound book method of filing, all the letters and documents are passed in the book in chorological order. Whenever papers are to be filed, they are pasted on leaves of books in a chronological order. Small papers of varying sizes are filled in the bound book.

456. Step in initial public offering in which hired agents act on behalf of owners is classified as

hiring problems

agency problems

corporation internal problems

corporation external problems

✅ The correct answer is B.
Step in initial public offering in which hired agents act on behalf of owners is classified as agency problems. The agency problem is a conflict of interest inherent in any relationship where one party is expected to act in another’s best interests. In corporate finance, the agency problem usually refers to a conflict of interest between a company’s management and the company’s stockholders.

Author name: Administrator