State the correct position

In Money Back Claim on maturity the balance sum alone is payable along with attached bonus, if any
In the above case full sum assured is payable
Nothing more is payable after the instalments are paid to the assured
On death before the end of the policy in the above case the balance sum is payable
✅ The correct answer is A.
In Money Back Claim on maturity the balance sum alone is payable along with attached bonus, if any.

State the correct option

Amount of annuity depends on duration of annuity payments, principal sum of money, investment period and rate of return
Amount of annuity does not depend on the principal sum of money
Investment period has no relation to the amount of annuity
Annuity is independent of rate of return
✅ The correct answer is A.
Amount of annuity depends on duration of annuity payments, principal sum of money, investment period and rate of return. An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals and then, upon annuitization, issue a stream of payments at a later point in time.

Number of methods available for calculation of Labour turnover is ________.

two
three
four
five
✅ The correct answer is B.
Separation Method

Labour Turnover = No. of workers left or separated during a period / Average number of workers on role during that period x 100

Replacement Method

Labour Turnover = No. of workers replaced during a period / Average number of workers on role during that period x 100

Flux Method

Labour Turnover = (No.of workers separated in a period + No. of workers replaced in the same period) / Average number of workers on role during that period x 100

Note : Average No.of. Workers = (No. of workers at the beginning of the period + No. of workers at the end of the period) / 2

What type of ad appears on top of a web page?

pop‐under ad
pop‐up ad
banner ad
discount ad
✅ The correct answer is B.
pop‐up ad type of ad appears on top of a web up ad. Pop-up ads or pop-ups are forms of online advertising on the World Wide Web. A pop-up is a graphical user interface (GUI) display area, usually a small window, that suddenly appears (“pops up”) in the foreground of the visual interface.

Costs of undertaken activities is to support individual products are known as

expected sustaining
input sustaining
output sustaining
product sustaining costs
✅ The correct answer is D.
Costs of undertaken activities is to support individual products are known as product sustaining costs. Product-sustaining costs are cost activities that support a particular product or service line, regardless of the number of units produced.