Administrator

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

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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.

242. Reserve capital means

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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

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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.

2535. Select the option that best describes a policy document.

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It is evidence of the insurance contract
It is evidence of the interest expressed by the insured in buying an insurance policy from Co
It is evidence of the policy (procedures) followed by an insurance company when dealing with channel partners like banks, brokers and other entities
It is an acknowledgement slip issued by the insurance company on payment of the first premium
✅ The correct answer is A.
Policy document is a detailed document and it is the Evidence of the insurance contract which mentions all the terms and conditions of the insurance. The insured buys not the policy contract, but the right to the sum of money and its future delivery.

2537. Complete price transparency in a perfect information marketplace is necessary for ____________ to take effect.

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Bertrand’s Law
the Law of Universal Prices
the Law of One Price
the Law of Perfect Commerce
✅ The correct answer is C.
Complete price transparency in a perfect information marketplace is necessary for the Law of One Price to take effect. The law of one price states that in the absence of trade frictions, and under conditions of free competition and price flexibility, identical goods sold in different locations must sell for the same price when prices are expressed in a common currency.

2539. “Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50 per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25 per completed unit and Rs 2.50 per unit incomplete. If 11,750completed units were transferred out, what was the closing inventory in Process B?”

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Rs 6562.50
Rs 12,250.00
Rs 14,437.50
Rs 25,375.00
✅ The correct answer is C.