Author name: Administrator

2524. Which of the following is incorrect?

Many developed countries provide pension to alleviate poverty
These pensions are sufficient to maintain a modest life style
A & B are correct
None of the above
✅ The correct answer is B.
Pension may alleviate poverty but are not sufficient to maintain even a modest life style.

2501. Which of the following sources is not use for medium term financing?

Issue of equity shares
Issue of debentures
Term loans from banks
Sale of current asset
✅ The correct answer is A.
Issue of equity shares is not use for medium term financing. Financing is the process of providing funds for business activities, making purchases or investing. Financial institutions such as banks are in the business of providing capital to businesses, consumers, and investors to help them achieve their goals.

2502. Who first raised the fear of a world food shortage?

David Ricardo
T.R.Malthus
J.S.Mill
J.B.Say
✅ The correct answer is B.
T.R.Malthus first raised the fear of a world food shortage. In 1798 Thomas Robert Malthus famously predicted that short-term gains in living standards would inevitably be undermined as human population growth outstripped food production, and thereby drive living standards back toward subsistence.

238. The most common imprest system is the ______ system

Petty cash
Cash book
Cash receipts journal
Discount
✅ The correct answer is A.
The most common imprest system is the Petty cash system. The base characteristic of an imprest system is that a fixed amount is reserved, which after a certain period of time or when circumstances require, because money was spent, it will be replenished.

2487. Number of units are multiplied to per unit price, to calculate

multiple budget variable
fixed budget variable
flexible budget variable
constant budget
✅ The correct answer is C.
Number of units are multiplied to per unit price, to calculate flexible budget variable. A flexible budget variance is any difference between the results generated by a flexible budget model and actual results.

2488. An insurance contract has to fulfill the requirements of the

Insurance Act, 1938
IRDA Act, 1999
LIC Act, 1956
Indian Contract Act, 1872
✅ The correct answer is D.
An insurance contract has to fulfill the requirements of the Indian Contract Act, 1872. It determines the circumstances in which promises made by the parties to a contract shall be legally binding. Under Section 2(h), the Indian Contract Act defines a contract as an agreement which is enforceable by law.

2490. Factoring is a form of financing.

payable
receivables
borrowings
debts
✅ The correct answer is B.
Factoring is a form of receivables financing. Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount.

2492. Which of the following is not a moral hazard?

Taking insurance at advanced age
A proposer with many dependents taking ins
When medical exam is done elsewhere
Proposal on another life without insurable interest
✅ The correct answer is B.
A proposer with many dependents taking insurance is not a moral hazard. Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost. It arises when both the parties have incomplete information about each other.
Scroll to Top