Description : Fire Insurance is based on the principle of– (A) Utmost Good faith (B) Insurable Interest (C) Indemnity (D) Cooperation
Last Answer : Answer: Indemnity
Description : Contents of Marine Insurance include– (A) Insurance of Cargo only (B) Insurance of Freight only (C) Insurance of Hull only (D) Insurance of Cargo, Freight & Hull
Last Answer : Answer: Insurance of Cargo, Freight Hull
Description : Export procedure begins with– (A) Indent (B) Shipping order (C) Marine insurance (D) None of these
Last Answer : Answer: Indent
Description : ‘Salvage Charges’ is related to– (A) Life Insurance (B) Marine Insurance (C) Fire Insurance (D) None of the above
Last Answer : Answer: Marine Insurance
Description : Insurable interest must be present at the time of insurance proposal and payment of claims in– (A) Fire Insurance (B) Marine Insurance (C) Life Insurance (D) Motor Insurance
Last Answer : Answer: Fire Insurance
Description : What is Marine Insurance?
Last Answer : Marine insurance is the oldest kind of insurance. It is that branch of insurance which relates to ships and their cargoes.
Description : The policy “anticipate no profit and provide for all possible losses” arises due to– (A) Convention of consistency (B) Convention of conservatism (C) Convention of Disclosure (D) None of the above
Last Answer : Answer: Convention of conservatism
Description : Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by– (A) Doctrine of Indoor Management (B) Doctrine of Constructive Notice (C) Doctrine of Ultravires (D) Doctrine of Intravires
Last Answer : Answer: Doctrine of Indoor Management
Description : Why the concept of ‘Innovation’ is required in the business? a. To get first mover advantage b. Utmost Consumer Satisfaction c. To acquire larger market share d. All of the above
Last Answer : d. All of the above
Description : According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities
Last Answer : Answer: Capital = Assets – Liabilities
Description : According to going concern concept a business entity is assumed to have– (A) A long life (B) A small life (C) A very short life (D) A definite life
Last Answer : Answer: A long life
Description : The Life Insurance in India was nationalised in the year– (A) 1870 (B) 1956 (C) 1960 (D) 1966
Last Answer : Answer: 1956
Description : In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called– (A) Reinsurance (B) Double Insurance (C) Joint Insurance Policy (D) Separate Insurance
Last Answer : Answer: Reinsurance
Description : Life insurance is a contract of which one of the following ? (A) Indemnity (B) Guarantee (C) Contribution (D) Subrogation
Last Answer : Answer: Guarantee
Description : In India private sector entered into the Life Insurance business in the year– (A) 1995 (B) 1998 (C) 2000 (D) 2001
Last Answer : Answer: 2000
Description : In ‘Life Insurance Contract’ the insurable interest is examined at the time of– (A) Entering the contract (B) Filing the claim (C) Both (A) and (B) (D) Never
Last Answer : Answer: Entering the contract
Description : General Insurance Corporation of India was set up in– (A) 1956 (B) 1972 (C) 1980 (D) 2000
Last Answer : Answer: 1972
Description : What is C.I.F. (Cost Insurance Freight)?
Last Answer : This includes the cost of goods, insurance, freight and all charges upto to the port of import.
Description : Who is a insurance broker?
Last Answer : They arrange various types of insurance in connection with trade.
Description : The concept of materiality would be least important to an auditor when considering the a. Decision whether to use positive or negative confirmations of accounts receivable. b. Adequacy of disclosure of a ... . d. Effects of a direct financial interest in the client upon the CPA's independence.
Last Answer : Effects of a direct financial interest in the client upon the CPA's independence.
Description : The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____ a) Consistency b) Disclosure c) Conservatism d) Matching
Last Answer : c) Conservatism
Last Answer : In winter Frogs Concealment Karake Hibernation Says.
Description : Cause of mimicry is (a) concealment (b) offence (c) defence (d) both (b) and (c).
Last Answer : (d) both (b) and (c).
Description : Which Stock Exchange was the first to introduce a transparent, screen-based trading system in the wholesale debt market including govt. securities in 1994 ? (A) Bombay Stock Exchange (B) Delhi Stock Exchange (C) National Stock Exchange (D) Jaipur Stock Exchange
Last Answer : Answer: National Stock Exchange
Description : The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2
Last Answer : Answer: Both 1 and 2
Description : Legitimate power is the right to manage derived from delegation based on ownership or property rights. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2
Description : Which of the following concept is Fundamental basis of Boenninghausen's Therepeutic Pocket Book. Options: 1) Doctrine of Tautopathy 2) Doctrine of Pathological General 3) Doctrine of Analogy 4) Doctrine of Nosodotherapy
Last Answer : Correct Answer: 3) Doctrine of Analogy
Description : Measurement and disclosure do not apply to which of the following? a) Leasing based transactions b) Net realizable values/Impairment of Assets c) Share based payments d) Price received to sell or buy an asset
Last Answer : d) Price received to sell or buy an asset
Description : If a person misrepresents themselves in a relationship, causing the other person to end it is the person on the end of the misrepresentation shallow or not?
Last Answer : answer: Shallow is such a very subjective designation, and even within specified defined parameters of the concept of shallow , it would need to be judged on a case by case basis. If I found out that ... if I found out he was secretly dyeing the gray in his hair? The two really cannot be equated.
Description : 28 years old musician/songwriter, should I go overseas (international) to pursue my utmost music dreams?
Last Answer : answer:1-I don't think it's too late. 2-In addition to America, I think that Japan and Korea have large video game markets, and they are much closer to Indonesia. 3-It might be best to have ... a potential company/producer/etc. 4-Try not to burn bridges, you might need to cross them again later.
Description : How is land a natural resource of utmost importance ? Explain with four facts. -SST 10th
Last Answer : Land is an important natural resource, because : (i) All ecocomic activities are performed on land. (ii) It supports natural vegetation and wildlife. (iii) Most of the minerals are formed in land. (iv) It is used for transport and communication system.
Description : ‘Land is a natural resource of utmost importance’. -SST 10th
Last Answer : (i) We live on land, we perform our economic activities on land and we use it in different ways. (ii) It supports natural vegetation, wildlife, human life, economic activities, transport and communication systems. (iii) It is an asset of a finite magnitude.
Description : What would of utmost importance in apocalyptic world?
Last Answer : I'll presume that in an apocalyptic situation, there'd be no world order because of chaos and destruction. The human race would be endangered and perhaps at the brink of extinction. In this sort of ... who would survive and probably create a new world order or else it might be the end of mankind.
Description : How do you minimised strategic misrepresentation?
Last Answer : Need answer
Description : Which of the following is best considered a fraud? a. Inability to provide due diligence. b. Intentional misrepresentation of financial information. c. Declining to finish work on client in light of a valid contract. d. Not acting professionally while performing services
Last Answer : Intentional misrepresentation of financial information
Description : An intentional act by one or more individuals among management, employees, or third parties which results in misrepresentation of financial statements refers to a. Illegal acts b. Error c. Fraud d. Noncompliance
Last Answer : Fraud
Description : Mrs. C. Serdenio is currently enrolled in the master's program at the State University and is currently writing her thesis. She applied as a chief nurse in St. John's hospital and ... . the action of the chief nurse constitutes A. Misrepresentation B. Malpractice C. Personification D. Misdemeanor
Last Answer : A. Misrepresentation
Description : Consent is free under section 14 if not caused by– A. coercion & undue influence B. fraud and misrepresentation C. mistake subject to the provisions of sections 20, 21 and 22 D. all of the above
Last Answer : D. all of the above
Description : Consent is free under section 14 if not caused by A. Coercion & undue influence B. Fraud and misrepresentation C. Mistake subject to the provisions of sections 20, 21 and 22 D. All the above
Last Answer : D. All the above
Description : The threat to commit suicide amounts to (a) Coercion (b) Undue influence (c) Misrepresentation (d) Fraud
Last Answer : (a) Coercion
Description : Suppose a teacher has short height. It creates an obstacle in utilizing the black-board in a justifiable manner. Therefore, the students cannot follow the lessons inspite of utmost care taken by ... a complaint with the principal D) Collect donations from his student to reconstruct the black-board
Last Answer : You suggest him to make a temporary platform of bricks with the help of students
Description : Is it obvious or not obvious why some stores charge customers (annual for eg.) a fee in order to sell them their products?
Last Answer : I worked in a grocery store that was a Franchise and that company charges a fee to have the ideal placement on the shelves, or near the cash register , knowing that some people (or most) buy on impulse. That is why adverting of a product with colorful and eye catching themes becomes very important .
Description : If the purchases made during the year were Rs. 60,000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12,000 and Rs. 9,000 respectively and the gross profit on sales was 1/5th, when which ... year ? (A) Rs. 15,750 (B) Rs. 14,000 (C) Rs. 12,500 (D) Rs. 17,250
Last Answer : Answer: Rs. 12,500
Description : The loss on the sale of old furniture is debited to– (A) profit & loss account (B) furniture account (C) trading account (D) depreciation account
Last Answer : Answer: profit & loss account
Description : Maintenance of intended delegation requires that decisions lying within the individual managers' authority should be made by them and not referred upwards in the organizational hierarchy. This is ... scalar principle (C) authority level principle (D) principle of absoluteness of responsibility
Last Answer : Answer: authority level principle
Description : Wider span of control is effective in organization where– (A) authority delegation is inadequate (B) tasks are complex (C) thorough subordinate training scheme exists (D) the leadership style is authoritarian
Last Answer : Answer: thorough subordinate training scheme exists
Description : One of the major disadvantages of the Matrix form of organization structure is that– (A) it does not pinpoint product profit responsibility (B) it is not oriented towards results (C) there is possibility of disunity of command (D) it generates rivalry between line and staff members
Last Answer : Answer: there is possibility of disunity of command
Description : Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through ... change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks
Last Answer : Answer: The RBI manages longterm liquidity through rapos
Description : The Open Market Operations [OMOs] is an important tool of– (A) Forex management (B) Liquidity management (C) Inventory management (D) Marketing management
Last Answer : Answer: Liquidity management
Description : Which one of the following is not an objective of the introduction of Primary Dealer System ? (A) To encourage a voluntary holding of govt. securities amongst a wider investor base (B) To ... (C) To strengthen the private equity infrastructure (D) To strengthen the govt. securities infrastructure
Last Answer : Answer: To strengthen the private equity infrastructure