IC89 - MANAGEMENT ACCOUNTING-02
Q1.Which of the following is an example of Profitability ratios? |
a) Cash ratio |
b) Operating ratio |
c) Global net premium |
d) Acid test ratio |
Q2.Which of the following are the objectives of Disclosure? |
a) Providing insurance to the public at a fair price and non-discriminatory rates, terms, and conditions. |
b) Achieving transparency of operations resulting in building up market confidence in the insurance industry and its sustained growth |
c) Provide effective and efficient service to policyholders and claimants to achieve a high degree of consumer satisfaction. |
d) All of the above |
Q3. To coordinate and line up the various functions of the Budget Committee in preparation of the budget and fixing budgetary limits for various heads or centers, there should be a responsible person called___ who will provide data and information to all functional centers. |
a) Agent |
b) Budget officer |
c) Manager |
d) Chief Operating officer |
Q4.The difference between bid and offer is called as? |
a) Offer |
b) Spread |
c) Bid |
d) Budget |
Q5.Name the Securities which is specified during the issuance of those securities and that rate remains unchanged during the entire tenor of those securities? |
a) Securities with Embedded Derivatives |
b) Securities with Fixed-Coupon rate |
c) Zero Coupon Rate |
d) Securities for either subscription are received or the repayment is made in installments. |
Q6.How much percentage to funds as under Regulation.3(a) on the manner of investment of Life insurance Business on Government securities? |
a) 10% |
b) 15% |
c) Not less than 50% |
d) Not less than 25% |
Q7.Which risk arises, when an otherwise profitable investment is impaired as a result of adverse legislation, harsh regulatory climate, or nationalization by a socialist government? |
a) Purchasing power risk |
b) Business risk |
c) Social or Regulatory risk |
d) Financial risk |
Q8.Under which of the following methods of capital budgeting, rate of return is determined on the figures or data for income and investment derived from accounting statements? |
a) Payback method |
b) Rate of Return Original Investment Method |
c) Discounted Case Flow Method |
d) Internal Rate of Return (IRR) Method |
Q9.Which deposits are covered by a guarantee from the Deposit Insurance and Credit Guarantee Corporation of India constituted under a Central Act, Which assures repayment of Rs.1-lac in case of default of payment? |
a) Company Fixed Deposit |
b) Bank Fixed Deposit |
c) Corporate Fixed Deposit |
d) Post Office Deposits |
Q10.How is the capital turnover ratio calculated? |
a) Net sales / Working Capital |
b) Net sales / Fixed assets |
c) Net sales / Capital Employed |
d) Net sales / Total assets |