Author name: Administrator

2576. __________ are a way U. S. investors can invest in foreign companies.

ADRs
IRAs
SDRs
GNMAs
✅ The correct answer is A.
ADRs are a way U. S. investors can invest in foreign companies. American depositary receipts (ADRs) can simplify the access of U.S. investors to foreign markets. Listed on the New York Stock Exchange and Nasdaq, they can be traded, settled and held as if they were ordinary shares of U.S.-based companies.

244. A cash book with cash, bank and discount column is commonly referrred to as

Cash book
Two columns cash book
Three columns cash book
Petty cash book
✅ The correct answer is C.
A cash book with cash, bank and discount column is commonly referrred to as Three columns cash book. The three column cash book (also known as triple column cash book) has three money columns on both debit and credit side – one on each side for recording discount, cash and bank amounts.

2579. Which of the new guidelines for traditional products is not true?

For participating policies, bonus is linked to performance of the fund
Bonus once announced becomes a guarantee
Such a bonus is called Terminal Bonus
For Non-par policies, returns are disclosed at the beginning of the policy
✅ The correct answer is C.
For participating policies, bonus is linked to performance of the fund. Bonus once announced becomes a guarantee. Such a bonus is called Simple Reversionary Bonus.

2580. Which of the below elements promote trust?

Communication, assertiveness and being present
Politeness, affirmation and communication
Attraction, communication and being present
Affirmation, assertiveness and attraction
✅ The correct answer is C.
Attraction, communication and being present are the three elements to promote trust.

2581. Greater value of option, larger span of time value is usually results in

shorter call option
longer call option
longer put option
shorter put option
✅ The correct answer is B.
Greater value of option, larger span of time value is usually results in longer call option. A call option, often simply labeled a “call”, is a financial contract between two parties, the buyer and the seller of this type of option.

2563. Statutory cost audit are applicable only to:

Firm
Company
Individual
Society
✅ The correct answer is B.
Statutory cost audit are applicable only to Company. A statutory audit is a legally required review of the accuracy of a company’s or government’s financial statements and records.

2565. Which of the below statement is false with regards to nomination?

Policy Numbermination is not cancelled if the policy is assigned to the insurer in return for a loan
Nomination can be done at the time of policy purchase or subsequently
Nomination can be changed by making an endorsement in the policy
A nominee has full rights on the whole of the claim
✅ The correct answer is D.
A nominee doesnot has full rights on the whole of the claim. In the new insurance law, if an immediate family member such as spouse is made the nominee, then the death benefit will be paid to that person and other legal heirs will not have a claim on the money.

2567. A Piece Rate System written by ___________.

Harold Koontz
Taylor
Louis Allan
Hendry Fayol
✅ The correct answer is B.
Taylor was one of the main champions of the piece rate system in the late 19th century. Taylor’s Differential Piece-Rate System was introduced by F.W. Taylor, who believed that the workers should be paid on the basis of their degree of efficiencies.
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