Administrator, Author at GetMCQs

2386. The relevant risk for a well-diversified portfolio is____________.

interest rate risk

inflation risk

business risk

market risk

✅ The correct answer is D.
The relevant risk for a well-diversified portfolio is market risk. Market risk is the possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets in which he or she is involved.

2387. What is C stands in CIA of smart card?

confidentiality

conference

congress

None of the above

✅ The correct answer is A.
C stands for confidentiality in CIA of smart card.

2388. What is the way to revival a lapsed policy of life insurance?

Ordinary revival

Special Revival

Instalment revival

Any of the above

✅ The correct answer is D.
Ordinary revival, Special Revival, Instalment revival is the way to revival a lapsed policy of life insurance. The revival of life insurance policy is required when the insured fails to pay the premium within the grace period and the coverage of the policy lapses.

2369. Total costs incur in a production process, is divided by total number of output units to calculate the

cost of indirect labour

cost of direct labour

cost of direct material

unit costs

✅ The correct answer is D.
Total costs incur in a production process, is divided by total number of output units to calculate the unit costs. A unit cost is a total expenditure incurred by a company to produce, store, and sell one unit of a particular product or service.

2371. Benefit under a Unit Linked policy is reckoned by

The value of the units

The number of units standing to the credit of the unit holder

Both A & B

None of the above

✅ The correct answer is C.
Benefit under a Unit Linked policy is reckoned by the value of the units and the number of units standing to the credit of the unit holder.

2373. Co-operative and public companies are similar in respect of __________.

the liability of members

the minimum number of members required for registration

the maximum number of members

method of distribution of profit

✅ The correct answer is C.
Co-operative and public companies are similar in respect of the maximum number of members.

227. The following error will affect the Trial Balance

Error of partial omission

Error of principle

Error of complete omission

All of the above

✅ The correct answer is A.
Error of partial omission will affect the Trial Balance. This error occurs when a transaction that should have been posted as a debit is posted as credit, for example, in a cash sale, sales are debited and cash is credited.

2377. The growth in book value per share shows the_____________.

rise in share price

increase in physical asset of the firm

increase in net worth

growth in reserves

✅ The correct answer is D.
The growth in book value per share shows the growth in reserves. Book value of equity per share indicates a firm’s net asset value (total assets – total liabilities) on a per-share basis.

2352. What are the two distinct phases of a deferred annuity?

Waiting and Starting phases

Loading and Unloading phases

Accumulation and Payout phases

Commutation and Continuation phases

✅ The correct answer is C.
Accumulation and Payout phases are the two distinct phases of a deferred annuity. A deferred payment annuity is an insurance product that provides future payments to the buyer rather than an immediate stream of income.

2353. Marginal revenue is always less than price at all levels of output in

Perfect competition

Monopoly

Both ‘a’ and ‘b’

None of the above

✅ The correct answer is B.
Marginal revenue is always less than price at all levels of output in Monopoly. A monopolist’s marginal revenue is always less than or equal to the price of the good. Marginal revenue is the amount of revenue the firm receives for each additional unit of output.

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