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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81. What are the correct statements?

A) Bancassurance model can either be a bank forming an insurance company on its own or acting as an agent for another Insurance company without capital participation
B) Such an agency of bank acting for an insurer is known as corporate agency
C) A commercial bank is not barred from acting as an agent for insurance companies
D) All of the above
✅ ANSWER: D
All the statements are correct.
Bancassurance model can either be a bank forming an insurance company on its own or acting as an agent for another Insurance company without capital participation, Such an agency of bank acting for an insurer is known as corporate agency and A commercial bank is not barred from acting as an agent for insurance companies.

82. Guarantee for employer for the loss out of employee’s dishonest is__________.

A) Burglary insurance
B) Fidelity insurance
C) third party insurance
D) medical insurance
✅ ANSWER: B
Guarantee for employer for the loss out of employee’s dishonest is Fidelity insurance. A Fidelity Insurance policy covers losses sustained by the employer as a result of an act of forgery, fraud or dishonesty from an employee.

83. If payment of security is paid as Rs 100 at end of year for three years, it is an example of

A) fixed payment investment
B) lump sum amount
C) fixed interval investment
D) annuity
✅ ANSWER: D
If payment of security is paid as Rs 100 at end of year for three years, it is an example of annuity. An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and, in return, obtain regular disbursements beginning either immediately or at some point in the future.

84. Overhead is also known as ________.

A) ongoing cost
B) basic cost
C) extra cost
D) chargeable expenses
✅ ANSWER: A
Overhead is also known as ongoing cost. Overhead is those costs required to run a business, but which cannot be directly attributed to any specific business activity, product, or service.

87. In capital asset pricing model, covariance between stock and market is divided by variance of market returns is used to calculate

A) sales turnover of company
B) risk rate of company
C) beta coefficient of company
D) weighted mean of company
✅ ANSWER: C
In capital asset pricing model, covariance between stock and market is divided by variance of market returns is used to calculate beta coefficient of company. beta of a company measures how the company’s equity market value changes with changes in the overall market. It is used in the Capital Asset Pricing Model (CAPM) to estimate the return of an asset.

88. Net Profit = Gross Profit minus

A) Operating expenses
B) Product cost
C) Deferred expenses
D) Direct cost
✅ ANSWER: A
Net Profit = Gross Profit minus Operating expenses.

89. Who is an inpatient seeking medical attention for his medical problem?

A) He is a patient who receives medical attention without admission in a hospital
B) He is after admission in a hospital receiving medical attention and treatment while being there
C) He is a day care patient for treatment
D) He is a patient in a house receiving care of doctors
✅ ANSWER: B
An inpatient seeking medical attention for his medical problem after admission in a hospital receiving medical attention and treatment while being there.