Author name: Administrator

144. What is the name of the new anti‐Spam bill?

A) No‐Spam
B) CAN‐Spam
C) Spam‐Away
D) Stop Spam
✅ ANSWER: B
CAN‐Spam is the name of the new anti‐Spam bill. Controlling the Assault of Non-Solicited Pornography And Marketing (CAN-SPAM) is a law that establishes the rules for commercial email and commercial messages, gives recipients the right to have a business stop emailing them, and outlines the penalties incurred for those who violate the law.

147. What is the due date for payment of tax?

A) Last day of the month to which payment relates
B) Within 10 days of the subsequent month
C) Within 20 days of the subsequent month
D) Within 15 days of the subsequent month
✅ ANSWER: C

150. Market in which bonds are traded over-the-counter than in an organized exchange is classified as

A) organized markets
B) trade markets
C) counter markets
D) bond markets
✅ ANSWER: D
Market in which bonds are traded over-the-counter than in an organized exchange is classified as bond markets. The bond market (also debt market or credit market) is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market.

153. Choose the correct statement.

A) Lower yields are a disadvantage in cash value contracts
B) Discipline in saving is not an advantage in cash value contracts
C) Income Tax advantage is not an advantage in cash value contracts
D) Safe and secure investment is not an advantage in cash value contracts
✅ ANSWER: A
Lower yields are a disadvantage in cash value contracts. Whole life insurance is significantly more expensive. Premiums are often much higher than a term life insurance policy with the same amount of coverage because you’re paying for an insurance policy as well as putting money into the cash value portion of the policy.

156. While calculating weighted average cost of capital _________.

A) Preference shares are given more weight age
B) Cost of issue is considered
C) Tax factor is ignored
D) Risk factor is ignored
✅ ANSWER: B
While calculating weighted average cost of capital cost of issue is considered. Weighted average cost of capital ( WACC) is the average after-tax cost of a company’s various capital sources used to finance the company.

146. An example of fixed cost ________.

A) property tax
B) rent for building
C) direct material cost
D) direct wages
✅ ANSWER: B
An example of fixed cost rent for building. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

149. An income available for shareholders after deducting expenses and taxes from revenues is classified as

A) net income
B) net earnings
C) net expenses
D) net revenues
✅ ANSWER: A
An income available for shareholders after deducting expenses and taxes from revenues is classified as net income. Net income represents the amount of money remaining after all operating expenses, interest, taxes and preferred stock dividends (but not common stock dividends) have been deducted from a company’s total revenue.

152. State which is correct out of the following

A) A Term Insurance policy cannot be convered into any other policy during its duration
B) Term policy is available both a separate policy and as a rider in another policy
C) Term policy can be issued with lifelong renewability option
D) All Term covers will have a disability rider
✅ ANSWER: B
Term policy is available both a separate policy and as a rider in another policy.

155. Which of the following is untrue as per IRDA’s regulations on non-par policies?

A) The benefits shall be stated at the outset
B) The benefits shall be linked to some index
C) The additional benefit under these policies shall be laid out at the outset
D) The return shall be stated at the beginning of the contract itself
✅ ANSWER: B
The benefits of an insurance policy are not linked to any index. Hence, option (2) is the correct answer.
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