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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61. Whose obligation is to pay claim?

A) Insurer
B) Insured
C) Underwriter
D) Proposer
✅ ANSWER: A
Insurer obligation is to pay claim. When a policyholder files a claim under his or her own insurance policy, the insurer has certain obligations to the insured and has a duty to act with good faith in handling that claim.

62. When capital is increased by an amount, it is recorded on the:

A) Left or credit side of the account
B) Right or debit side of the account
C) Right or credit side of the account
D) Left or debit side of the account
✅ ANSWER: C
When capital is increased by an amount, it is recorded on the Right or credit side of the account.

63. Collection of net income, amortization and depreciation is divided by common shares outstanding to calculate

A) cash flow of financing activities
B) cash flow per share
C) cash flow of investment
D) cash flow of operations
✅ ANSWER: B
Collection of net income, amortization and depreciation is divided by common shares outstanding to calculate cash flow per share. Cash flow per share can be calculated by dividing cash flow earned in a given reporting period (usually quarterly or annually) by the total number of shares outstanding during the same term. Because the number of shares outstanding can fluctuate, a weighted average is typically used.

65. Risk of fall in income due to fall in interest rates in future is classified as

A) income risk
B) investment risk
C) reinvestment risk
D) mature risk
✅ ANSWER: C
Risk of fall in income due to fall in interest rates in future is classified as reinvestment risk. Reinvestment risk is the probability that an investor will be unable to reinvest cash flows (e.g., coupon payments) at a rate comparable to the current investment’s rate of return.

66. Which is not an example of social security schemes of the Government?

A) Rajeev Gandhi Equity Scheme
B) Janata Personal Accident
C) Jan Arogya Scheme
D) Employees State Insurance Corporation
✅ ANSWER: A
Rajeev Gandhi Equity Scheme is not an example of social security schemes of the Government. The scheme is aimed at encouraging the flow of savings of small investors in the domestic capital market, and presents investors with tax benefits provisioned as a new section, 80CCG, in the Income Tax act.

67. Long period of bond maturity leads to

A) more price change
B) stable prices
C) standing prices
D) mature prices
✅ ANSWER: A
Long period of bond maturity leads to more price change. With bonds, term to maturity is the time between when the bond is issued and when it matures, known as its maturity date, at which time the issuer must redeem the bond by paying the principal or face value.

68. Which is not the product of general insurance?

A) Motor insurance
B) Personal accident insurance
C) Medical and health insurance
D) Life insurance
✅ ANSWER: D
Life insurance is not the product of general insurance. General Insurance is a contract of indemnity which promises to make good your losses. In Life Insurance, the sum assured along with benefits is paid either on the event of death of the policy holder or on maturity of the policy.