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3247. A stock which is issued to meet specific needs of company is considered as

classified stock

specific stock

needed stock

meeting stock

✅ The correct answer is A.
A stock which is issued to meet specific needs of company is considered as classified stock. Classified stock is a type of common stock that has special privileges, such as enhanced voting rights or dividend rights.

3248. Capital budgeting decisions are analyzed with help of weighted average and for this purpose

component cost is used

common stock value is used

cost of capital is used

asset valuation is used

✅ The correct answer is C.
Capital budgeting decisions are analyzed with help of weighted average and for this purpose cost of capital is used. Capital budgeting is a company’s formal process used for evaluating potential expenditures or investments that are significant in amount.

3250. Under risk classification, _________ consist of those whose anticipated mortality corresponds to the standard lives represented by the mortality table.

Standard lives

Preferred risks

Sub-standard lives

Declined lives

✅ The correct answer is A.
Under risk classification, Standard lives consist of those whose anticipated mortality corresponds to the standard lives represented by the mortality table. Mortality tables are the most important basis for charging the premium.

3232. A payment made under a money-back policy upon reaching a milestone will be classified under which type of claim?

Death claim

Maturity claim

Periodical survival claim

Surrender claim

✅ The correct answer is C.
A payment made under a money-back policy upon reaching a milestone will be classified under Periodical survival claim.

3234. Number of cases which gets accepted by the underwriting under Non-medical are –

Very small

Small

Large

Not significant

✅ The correct answer is C.
Large Number of cases gets accepted by the underwriting under Non-medical.

3236. Production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as

reduced work

spoilage

rework

scrap

✅ The correct answer is C.
Production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as rework. Rework refers to the correction of a product that does not initially meet an entity’s minimum quality standards.

3220. Most financial advisors are registered with the Securities and Exchange Commission as_______________.

registered representatives

registered investor advisors

registered financial planners

registered securities consultants

✅ The correct answer is C.
Most financial advisors are registered with the Securities and Exchange Commission as registered financial planners. A financial planner is a qualified investment professional who helps individuals and corporations meet their long-term financial objectives.

3226. What-if technique, which examines changes in results if original prediction would not be achieved is called

change analysis

original analysis

sensitivity analysis

predicted analysis

✅ The correct answer is C.
Technique that examines changes in results if original prediction would not be achieved is called sensitivity analysis. A sensitivity analysis determines how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

3228. “What is the company’s breakeven point: Selling price – Rs 6 per unit Variable production cost – Rs 1.20 per unit Variable selling cost – Rs 0.40 per unit Fixed production cost – Rs 4 per unit Fixed selling cost – Rs 0.80 per unit Budgeted production and sales for the year are 10,000 units. “

8,000 units

8,333 units

10,000 units

10,909 units

✅ The correct answer is D.

3224. Which of the following statements is incorrect?

Insurance agent should indicate the scale of commission if asked by the customer

Insurance agent should share the commission by way of rebate

Insurance agent should disclose his licence on demand

Insurance agent should indicate the premium to be charged

✅ The correct answer is B.
All the options are correct, except option 3. Sharing commission with a client is illegal.

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