Author name: Administrator

53. Who markets personal pension products?

A) Employers
B) IRDA
C) General Insurers
D) Life Insurers
✅ ANSWER: D
Life Insurers markets personal pension products. Personal pensions (also known as “private pensions”) are long-term savings products that individuals contribute to on a voluntary basis, complementing state and workplace pensions. They have a role to play in linking long-term savers with long-term investment opportunities.

57. An annual estimated costs of assets uses up every year are included

A) depreciation and amortization
B) net sales
C) net profit
D) net income
✅ ANSWER: A
An annual estimated costs of assets uses up every year are included depreciation and amortization. Depreciation represents the cost of capital assets on the balance sheet being used over time, and amortization is the similar cost of using intangible assets like goodwill over time.

60. Which is an advantage in cash value contracts?

A) Reduced returns on account of inflation
B) Low accumulation in earlier years
C) Lower yields
D) Secure and safe investment
✅ ANSWER: D
Secure and safe investment is an advantage in cash value contracts. Cash value life insurance provides more financial flexibility.

63. Collection of net income, amortization and depreciation is divided by common shares outstanding to calculate

A) cash flow of financing activities
B) cash flow per share
C) cash flow of investment
D) cash flow of operations
✅ ANSWER: B
Collection of net income, amortization and depreciation is divided by common shares outstanding to calculate cash flow per share. Cash flow per share can be calculated by dividing cash flow earned in a given reporting period (usually quarterly or annually) by the total number of shares outstanding during the same term. Because the number of shares outstanding can fluctuate, a weighted average is typically used.

66. Which is not an example of social security schemes of the Government?

A) Rajeev Gandhi Equity Scheme
B) Janata Personal Accident
C) Jan Arogya Scheme
D) Employees State Insurance Corporation
✅ ANSWER: A
Rajeev Gandhi Equity Scheme is not an example of social security schemes of the Government. The scheme is aimed at encouraging the flow of savings of small investors in the domestic capital market, and presents investors with tax benefits provisioned as a new section, 80CCG, in the Income Tax act.

72. What is the primary purpose of a life insurance product?

A) Tax rebates
B) Safe investment avenue
C) Protection against the loss of economic value of an individual’s productive abilities
D) Wealth accumulation
✅ ANSWER: C
Protection against the loss of economic value of an individual’s productive abilities is the primary purpose of a life insurance product. The primary purpose for purchasing life insurance is to provide financial stability to beneficiaries in the event of the insured’s death.

75. Time and motion study is conducted by ________.

A) time keeping department
B) personnel department
C) payroll department
D) engineering department
✅ ANSWER: D
Time and motion study is conducted by engineering department. It is a major part of scientific management (Taylorism). After its first introduction, time study developed in the direction of establishing standard times, while motion study evolved into a technique for improving work methods.

78. ERP stands for.

A) Enterprise resolution planning
B) Enterprise reverse planning
C) Enterprise resource planning
D) None of the above
✅ ANSWER: C
ERP stands for Enterprise resource planning. It’s a business process management software that manages and integrates a company’s financials, supply chain, operations, reporting, manufacturing, and human resource activities.
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