Art

Boost your knowledge with a comprehensive collection of Arts MCQs with answers and detailed explanations. Covering topics from history of art, literature, philosophy, sociology, political science, and fine arts, these objective questions are designed for students, teachers, and candidates preparing for competitive exams (CSS, PMS, NTS, FPSC, PPSC, UPSC, etc.). Each MCQ is followed by a clear explanation to help you understand concepts better and improve your exam preparation. Perfect for self-assessment, practice, and revision in the field of Arts and Humanities.

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121. Ajay pays insurance premium for his employees. Which of the following insurance premiums will not be treated deductible as compensation paid to an employee? I. Health insurance with benefits payable to an employee II. Keyman life insurance with benefits payable to Ajay

A) Only I
B) Only II
C) Both I and II
D) Neither I nor II
✅ ANSWER: B
A keyman life insurance policy is a policy that a company purchases on a key executive’s life. The company is the beneficiary of the plan and pays the insurance policy premiums. It is also known as “key man insurance”, “key woman insurance” or “business life insurance.”

123. According to capital asset pricing model assumptions, investors will borrow unlimited amount of capital at any given

A) identical and fixed returns
B) risk free rate of interest
C) fixed rate of interest
D) risk free expected return
✅ ANSWER: B
According to capital asset pricing model assumptions, investors will borrow unlimited amount of capital at any given risk free rate of interest. The risk-free interest rate is the rate of return of a hypothetical investment with no risk of financial loss, over a given period of time.

124. Identify the incorrect statement.

A) In interview of the prospect agent is knowledge alone is not important
B) Listening is not important as the prospect may not know much about life insurance
C) The agent should avoid being judgmental. It is necessary for the agent to pay
D) Attention to what the prospect says as also to his body language
✅ ANSWER: B
Listening is important as the prospect may not know much about life insurance.

126. According to Marshall, the basis of consumer surplus is

A) Law of diminishing MU
B) Law of Equi-MU
C) Law of proportions
D) All of the above
✅ ANSWER: A
According to Marshall, the basis of consumer surplus is Law of diminishing MU. As per the law, as we purchase more of a commodity, its marginal utility reduces. Since the price is fixed, for all units of the goods we purchase, we get extra utility. This extra utility is consumer surplus.

128. Which is not a function of ERP?

A) Human resource management
B) financial
C) warehousing
D) None of the above
✅ ANSWER: D
Enterprise resource planning (ERP) is a method of using computer technology to link various Functions such as accounting, inventory control, and human resources across an entire company. However, there are certain things that we need to consider in the ERP to enhance the business processes. All the above are functions of ERP.

129. Total return is equal to________.

A) capital gain and yield
B) yield and interest
C) capital gain
D) yield
✅ ANSWER: A
Total return is equal to capital gain and yield. Total return is the amount of value an investor earns from a security over a specific period, typically one year, when all distributions are reinvested.

130. In specification analysis, assumptions related to residuals states must be

A) worst
B) independent
C) dependent
D) good
✅ ANSWER: B
In specification analysis, assumptions related to residuals states must be independent. The goal of the Requirements Analysis and Specification is to clearly understand customer requirements and to systematically organize these requirements in a specification document.