Q 1. Usually for the budget period, the time chosen is -
Q 2. In case of a General Insurance company, the debt securities and redeemable preference shares share be considered to be __________ .
Q 3. As per IRDA, an insurance company shall clearly segregate the functions and operations of : 1. Front office 2. Mid office 3. Back office
Q 4. Which is the most appropriate definition of tax ?
Q 5. What is the statement called when the 'total figure? in a statement is equal to 100% of each factor of percentage ?
Q 6. With respect to accounting process, which of the below options will be associated with ?analyzing transactions? ?
Q 7. _______ are objectives of budgetary control. 1. Forecasting the capital expenditure of the company 2. Planning and control of income and expenditure of a company 3. Planning and control the expenses related to research & development
Q 8. The due date for filing quarterly statements of TDS through Form 24Q for the quarter ending September 30th is _______.
Q 9. How will this transaction affect the accounting equation - Mr. A borrowed a sum of Rs 25000 from Mr. B for business purpose ?
Q 10. Which of the following is a Real Account ?
Q 11. Which of the below options show the assets arranged in correct descending order of liquidity ?
Q 12. The mandatory account that every life insurance company has to prepare includes _____ . 1. Reinsurance Account 2. Surplus Reserve Account 3. Receipt and Payment Account
Q 13. With respect to 'Actuarial Valuation Liability' for life policies - which of the following statement(s) is/are correct ? 1. The Actuarial valuation is to be done every quarter 2. The estimation of liability against life policies shall be determined b
Q 14. Following are the important figures for Minta Ltd for the year ended 31 Dec 2017: Opening inventory ? Rs 3,00,000 Purchases ? Rs 10,00,000 Closing inventory ? Rs 1,00,000 The gross margin is 40%. Calculate the sales revenue for the year.
Q 15. As per which accounting principle is the depreciation expense charged each year to the profit and loss account ?
Q 17. Which of these errors cannot be highlighted while preparing a Trial Balance ?
Q 18. Which department helps to determine how much labour is needed to produce one unit of output ?
Q 19. Everest Finance Ltd. had insured the business of Mr. Peter and got 50% of his risk insured from ABC Ltd. In this case, ABC Ltd. is _______ .
Q 20. _______ is an agreement between two or more parties to exchange sets of cash flows over a period in the future.
Q 21. With respect to sound budgetory system which of the following is a must requirement -
Q 22. The most apt way to define Asset Liability Management for an organization means to have sufficient ________ against its ______ .
Q 23. Determine which of the following are the type of benefits received under a Whole Life Insurance plan -
Q 24. In a life insurance company, what does a fall in the conservation ratio signify ?
Q 25. From the options below, the most commonly used financial ratio in the life insurance industry is:
