Author name: Administrator

2897. What is the main objective of IRDA Regulations 2000?

Protection of Insurance Company
Protection of policyholder and development of orderly growth of insurance business
Protection of insurance intermediaries
To earn for the Government
✅ The correct answer is B.
The IRDA was incorporated as a statutory body in April, 2000. The key objectives of the IRDA include promotion of competition so as to enhance customer satisfaction through increased consumer choice and lower premiums, while ensuring the financial security of the insurance market.

2898. Total indirect cost in pool by an actual quantity of cost allocation base is used to calculate

actual manufacturing overhead rate
manufacturing overhead costs
overhead rate
direct rate
✅ The correct answer is A.
Total indirect cost in pool by an actual quantity of cost allocation base is used to calculate actual manufacturing overhead rate. Costs that are outside of the manufacturing operations, such as marketing and general management, are expenses of the accounting period and are not applied or assigned to products.

2899. Technologies that help enhance resolution of e-book reader display screens are known as _________.

high-res pixel formatting
screen resolution technologies
sub-screen smoothing technologies
sub-pixel display technologies
✅ The correct answer is D.
Technologies that help enhance resolution of e-book reader display screens are known as sub-pixel display technologies. Subpixel rendering is a way to increase the apparent resolution of a computer’s liquid crystal display (LCD) or organic light-emitting diode (OLED) display by rendering pixels to take into account the screen type’s physical properties.

2900. Which of the following is example of external economies of scale?

Discount on purchases of raw materials
Technical progress leads to development of machine at low price
Hiring of specialized staff due to increase in scale of production
A firm starts producing by-products
✅ The correct answer is B.
Technical progress leads to development of machine at low price is example of external economies of scale.

271. Net profit is computed in which of the following?

Balance sheet
Income statement
Cash flow statement
Statement of changes in equity
✅ The correct answer is B.
Net profit is computed in Income statement. Net income, also called net profit, is a calculation that measures the amount of total revenues that exceed total expenses. It other words, it shows how much revenues are left over after all expenses have been paid.

2903. Type of interest rates consist of

nominal rates
periodic rates
effective annual rates
all of above
✅ The correct answer is D.
Type of interest rates consist of nominal rates, periodic rates and effective annual rates.

2905. Which is incorrect statement?

Complainant has to approach a consumer forum before moving the Ombudsman
The complaint has to be lodged with in two year of the insurer rejecting the compliant
There is no separate financial limit of various forum and commissions
All of the above
✅ The correct answer is D.
All the statements are incorrect.
Complainant does not have to approach a consumer forum before moving the Ombudsman, The complaint has to be lodged immediately of the insurer rejecting the compliant and There is a separate financial limit of various forum and commissions.

2907. Which type of classification is based on date and time order?

Alphabetical classification
Numerical classification
Subject wise classification
Chronological classification
✅ The correct answer is D.
Chronological classification is based on date and time order. Chronological order is listing, describing, or discussing when events happened as they relate to time.

2909. Which of the following organization decides Repo Rate?

SEBI
IMF
AMFI
RBI
✅ The correct answer is D.
RBI decides Repo Rate. Repo rate is the rate at which RBI lends to its clients generally against government securities. Reduction in repo rate helps the commercial banks to get money at a cheaper rate and increase in repo rate discourages the commercial banks to get money as the rate increases and becomes expensive.
Scroll to Top