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383. Second step in binomial approach of option pricing is to define range of values

at expiration
at buying date
at exchange closing time
at exchange opening time
✅ The correct answer is A.
Second step in binomial approach of option pricing is to define range of values at expiration. An expiration date in derivatives is the last day that a derivative, such as options or futures, is valid. On or before this day, investors will have already decided what to do with their expiring position.

386. Given below is a list of document to be submitted for a normal death claim by all beneficiaries in the event of death of life insured. Pick the odd one out which is additionally required to be submitted only in case of death by accident.

Inquest report
Claim form
Certificate of burial cremation
Hospital’s certificate
✅ The correct answer is A.
An inquest is a judicial inquiry in common law jurisdictions, particularly one held to determine the cause of a person’s death. Inquest can also mean such a jury and the result of such an investigation. In general usage, inquest is also used to mean any investigation or inquiry.

348. Good inventory management is good ________ management.

financial
Marketing
stock
purchasing
✅ The correct answer is D.
Good inventory management is good purchasing management. Proper inventory management helps you figure out exactly how much inventory you need to have on-hand. This will help prevent product shortages and allow you to keep just enough inventory without having too much in the warehouse. A good inventory management strategy leads to a more organized warehouse.

354. Secured debentures are also called as _________.

Mortgaged debentures
Simple debentures
Bearer debentures
Registered debentures
✅ The correct answer is A.
Secured debentures are also called as Mortgaged debentures. These debentures have some asset of the company as collateral security. Since the applicant’s investment is protected against the asset of the company, it is called as a secured debenture.

321. In financial markets, period of maturity more than five years of financial instruments is classified as

intermediate term
capital term
short-term
long-term
✅ The correct answer is D.
In financial markets, period of maturity more than five years of financial instruments is classified as long-term. Generally, a time frame for investing in which an asset is held for at least seven to ten years. The measure of a “long term” time frame can vary depending on the asset held or the investment objective. In business accounting measures, long term can be a period of time that exceeds 12 months.

324. Significant feature of Kaizen Budgeting is

employee suggestion
customer suggestion
cost suggestion
price suggestion
✅ The correct answer is A.
Significant feature of Kaizen Budgeting is employee suggestion. Kaizen budgeting takes the concept of continual improvement and applies it to budgets and budget forecasting.

327. Method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as

step down allocation method
stand-alone revenue allocation method
incremental revenue allocation method
revenue mix allocation method
✅ The correct answer is C.
Method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as incremental revenue allocation method. The ranking of the individual products in the suite determines the revenues allocated to them.
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