art mcqs

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

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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.

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

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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.

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

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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.

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

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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.

A combination of software and information designed to provide security and information for payment is called a what?

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A) digital wallet
B) pop up ad
C) shopping cart
D) encryption
✅ ANSWER: A
A combination of software and information designed to provide security and information for payment is called digital wallet. A digital wallet is a system that securely stores users’ payment information and passwords for numerous payment methods and websites.

A loan-cum revival would mean –

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A) Granting a loan
B) Revival of the policy
C) Both A & B
D) None of the above
✅ ANSWER: C
A loan-cum revival would mean Granting a loan and Revival of the policy. If a policy acquires the surrender value, the date of the policy can be revived by a policy loan. The loan amount will be calculated and treated as premiums paid upto the date of the revival. If a loan amount is more than the required revival, the excess will be paid to the policyholder.