A) Rs 50.00
B) Rs 1.25
C) 50 times
D) Rs 23.75
✅ ANSWER: B
Capital gain = Beginning price * Capital gains yeild
= 25 * 5% = Rs. 1.25
Capital gain = Beginning price * Capital gains yeild
= 25 * 5% = Rs. 1.25
art mcqs
What is the meaning of the term non-medical underwriting?
A) Taking health insurance
B) Buying a medical insurance without medical exam
C) Buying a life insurance without medical exam
D) None of the three
✅ ANSWER: C
Buying a life insurance without medical exam is the meaning of the term non-medical underwriting. No medical exam life insurance policies are term life insurance policies, often with a relatively low face value. You can obtain term life insurance quotes for no exam coverage with no medical exam and perhaps only a few medical questions. Your premiums may be higher based on your answers.
Buying a life insurance without medical exam is the meaning of the term non-medical underwriting. No medical exam life insurance policies are term life insurance policies, often with a relatively low face value. You can obtain term life insurance quotes for no exam coverage with no medical exam and perhaps only a few medical questions. Your premiums may be higher based on your answers.
Companies can gather information about employees and potential employees from which of the following places?
A) Job applications
B) Credit reports
C) Companies that track Web surfers
D) All of the above
✅ ANSWER: D
Companies can gather information about employees and potential employees from Job applications, Credit reports and Companies that track Web surfers.
Companies can gather information about employees and potential employees from Job applications, Credit reports and Companies that track Web surfers.
Which of the following is the closing balance of a ledger account?
A) Balance c/d
B) Balance b/d
C) Balance e/d
D) Balance f/c
✅ ANSWER: A
Balance c/d is the closing balance of a ledger account.
Balance c/d is the closing balance of a ledger account.
The ___________ co-operative societies are started to help lower and middle class people.
A) Consumers
B) Producers
C) Marketing
D) Housing
✅ ANSWER: A
The Consumers co-operative societies are started to help lower and middle class people. These societies protect the weaker sections from exploitation by profit hungry businessmen. The society makes bulk purchases directly from the producers and sells these goods to the members on retail basis.
The Consumers co-operative societies are started to help lower and middle class people. These societies protect the weaker sections from exploitation by profit hungry businessmen. The society makes bulk purchases directly from the producers and sells these goods to the members on retail basis.
Which is evidence of commencement of contract/risk cover?
A) Policy document
B) Prospectus
C) Proposal form
D) FPR
✅ ANSWER: D
FPR is evidence of commencement of contract/risk cover.
FPR is evidence of commencement of contract/risk cover.
The exception to law of demand is
A) Veblen goods
B) Giffen goods
C) Both ‘a’ and ‘b’
D) None
✅ ANSWER: C
The exception to law of demand is Veblen goods and Giffen goods.
Giffen goods are the inferior goods whose demand increases with the increase in its prices. There are several inferior commodities, much cheaper than the superior substitutes often consumed by the poor households as an essential commodity. Whenever the price of the Giffen goods increases its quantity demanded also increases because, with an increase in the price, and the income remaining the same, the poor people cut the consumption of superior substitute and buy more quantities of Giffen goods to meet their basic needs.
Another exception to the law of demand is given by the economist Thorstein Veblen, who proposed the concept of “Conspicuous Consumption.” According to Veblen, there are a certain group of people who measure the utility of the commodity purely by its price, which means, they think that higher priced goods and services derive more utility than the lesser priced commodities.
The exception to law of demand is Veblen goods and Giffen goods.
Giffen goods are the inferior goods whose demand increases with the increase in its prices. There are several inferior commodities, much cheaper than the superior substitutes often consumed by the poor households as an essential commodity. Whenever the price of the Giffen goods increases its quantity demanded also increases because, with an increase in the price, and the income remaining the same, the poor people cut the consumption of superior substitute and buy more quantities of Giffen goods to meet their basic needs.
Another exception to the law of demand is given by the economist Thorstein Veblen, who proposed the concept of “Conspicuous Consumption.” According to Veblen, there are a certain group of people who measure the utility of the commodity purely by its price, which means, they think that higher priced goods and services derive more utility than the lesser priced commodities.
If an overhead cost of operating a machine is $500000 for 1000 hours, then cost allocation rate will be
A) $1500 per machine hour
B) $250 per machine hour
C) $500 per machine hour
D) $1000 per machine hour
✅ ANSWER: C
Applicant shall complete _________ hours training to become an insurance agent.
A) 50
B) 100
C) 30
D) 25
✅ ANSWER: A
Applicant shall complete 50 hours training to become an insurance agent. Licence to work as an insurance agent is issued by the IRDA. Agent‟s licence is to be renewed every three years.
Applicant shall complete 50 hours training to become an insurance agent. Licence to work as an insurance agent is issued by the IRDA. Agent‟s licence is to be renewed every three years.
The minimum wage is an example of
A) Price floor
B) Price ceiling
C) Equilibrium wage
D) Efficiency of labour
✅ ANSWER: A
The minimum wage is an example of Price floor. A price floor is the absolute minimum price at which a good or service (labor in this case) can be sold and it is usually set by the government. Price floors are set above the market equilibrium price of a good or service.
The minimum wage is an example of Price floor. A price floor is the absolute minimum price at which a good or service (labor in this case) can be sold and it is usually set by the government. Price floors are set above the market equilibrium price of a good or service.