Standard set for material consumption was 100 kgs. @ 2.25 per kg. In a cost period, opening stock was 100 kgs. @ 2.25 per kg.; purchases made 500 kgs. @ 2.15 per kg; and actual consumption 110 kgs.
The material usage variance will be —

Which of the following is not a primary function of a Bank?

A. Granting Loans

B. Collecting Cheques/Drafts customers

C. Facilitating import of goods

D. Issuing Bank Drafts

Though ULIPs (Unit Linked Insurance Plan) are considered to be a better investment vehicle it has failed to capture the imagination of the retail investors in India because of which of the following reasons?

A. Regulatory jurisdictional fight between SEBI and IRDA

B. They don’t offer better tax benefits

C. They offer lesser returns compared to traditional insurance policies

D. All of the above

The Chameli Devi Jain Award is given for an outstanding woman ____?

A. Scientist

B. Reporter

C. Player

D. Teacher

HDFC bank has been named among 50 most valuable banks in 2014. It has got 45th rank. Wells Fargo & Co. has got first rank in this list. This bank belongs to which country?

A. UK

B. France

C. European Union

D. USA