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2560. Uncontrollable costs are the costs which be influenced by the action of a specified member of an undertaking.

can not

can

may or may not

must

✅ The correct answer is A.
Uncontrollable costs are the costs which can not be influenced by the action of a specified member of an undertaking. For example: a foreman incharge of a tool room can only control costs pertaining to the same department and the matters which come directly under his control, not the costs apportioned to other department. The expenditure which is controllable by an individual may be uncontrollable by another individual.

2562. A standalone health insurance company is

A health insurance company which has only one office throughout the country

A life insurance company selling general insurance products like health insurance

A general insurance company which sells only health products

All of the above

✅ The correct answer is C.
A standalone health insurance company is a general insurance company which sells only health products. Stand-alone insurance refers to an insurance product that a business or individual purchases to cover a specific risk or cost.

2545. __________ is backbone of all E‐payments in E‐commerce.

EFT

EPS

PayPal

None of these

✅ The correct answer is B.
EPS is backbone of all E‐payments in E‐commerce. An e-payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash. It’s also called an electronic payment system or online payment system.

2528. Project whose cash flows are sufficient to repay capital invested for rate of return then net present value will be

negative

zero

positive

independent

✅ The correct answer is B.
Project whose cash flows are sufficient to repay capital invested for rate of return then net present value will be zero.

2529. If flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be

$27,000

$15,000

$39,000

$49,000

✅ The correct answer is C.
Actual result = Flexible budget amount + Flexible budget variance
= $27000 + $12000 = $39,000

2530. Unbundling of life insurance products refers to

Correlation of life insurance with bonds

Correlation of life insurance with equities

Combination of protection with savings element

Separation of protection and savings element

✅ The correct answer is D.
Unbundling of life insurance products refers to Separation of protection and savings element.

241. The persons who sign Articles and Memorandum of the company and contribute in the initial share capital of the company are called

Subscribers

Shareholders

Managers

Directors

✅ The correct answer is A.
The persons who sign Articles and Memorandum of the company and contribute in the initial share capital of the company are called Subscribers. They are called subscribers because, as part of the company formation.

2532. If an investor is attempting to buy a stock that is very volatile, it would be best to use___________.

market order

limit order

stop-loss order

contingency order.

✅ The correct answer is B.
If an investor is attempting to buy a stock that is very volatile, it would be best to use limit order.

242. Reserve capital means

Part of subscribed uncalled capital

Accumulated profit

Part of Capital Reserve

Part of Capital Redemption Reserve

✅ The correct answer is A.
Reserve capital means Part of subscribed uncalled capital. Reserve Capital is defined as a part of subscribed uncalled capital, which will not be called up until and unless the company goes into liquidation.

2534. According to Black Scholes model, short term seller receives today price which

short term cash proceeds

proceeds in cheques

full cash proceeds

zero proceeds

✅ The correct answer is C.
According to Black Scholes model, short term seller receives today price which full cash proceeds. Proceeds are the cash received from the sale of goods or services and can be discussed as gross or net.

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