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CCI Management Trainee (Accounts) Mock Test - 2 - Agriculture Exams MCQ


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30 Questions MCQ Test Cotton Corporation of India Management Trainee (Marketing & Accounts) Mock Test Series 2025 - CCI Management Trainee (Accounts) Mock Test - 2

CCI Management Trainee (Accounts) Mock Test - 2 for Agriculture Exams 2025 is part of Cotton Corporation of India Management Trainee (Marketing & Accounts) Mock Test Series 2025 preparation. The CCI Management Trainee (Accounts) Mock Test - 2 questions and answers have been prepared according to the Agriculture Exams exam syllabus.The CCI Management Trainee (Accounts) Mock Test - 2 MCQs are made for Agriculture Exams 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for CCI Management Trainee (Accounts) Mock Test - 2 below.
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CCI Management Trainee (Accounts) Mock Test - 2 - Question 1

What is the meaning of 'harsh'?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 1

The correct answer is 'strict'.
Key Points

  • The word 'harsh' is often used to describe something or someone who is unkind, cruel, or more severe than is necessary.
  • In this context, 'strict' is a suitable meaning for 'harsh'.
  • The term 'strict' refers to demanding that rules, especially those of behavior, should be obeyed.
  • Although 'rough' can sometimes be a synonym for 'harsh', in the context of describing a person's temperament as in this passage, 'strict' is a more precise match.
  • 'Lax' is the opposite of 'harsh', so it cannot be the correct answer, and 'None of these' is also not the correct answer because 'strict' is a potential meaning of 'harsh'.

Hence, the correct answer will be Option 1.

CCI Management Trainee (Accounts) Mock Test - 2 - Question 2

Select the most appropriate option to substitute the underlined segment in the given sentence. If there is no need to substitute it, select ‘No substitution required’.

Several accusations were levelled with the politician during the heated debate, casting doubt on his credibility and honest.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 2

The correct answer is 'levelled against'.

Key Points

  • The correct option to substitute the underlined segment in the sentence is "levelled against."
  • The corrected sentence reads: "Several accusations were levelled against the politician during the heated debate, casting doubt on his credibility and honesty."
  • The phrase "levelled against" is idiomatic and widely used in English when accusations or criticisms are directed toward someone. It indicates that the accusations are aimed at or attributed to the person in question.
  • The other options, "levelled for" and "level against," do not fit the intended meaning. "Levelled for" doesn't convey the sense of accusations being directed at someone, and "level against" is not a commonly used phrase in this context.
  • Therefore, "levelled against" is the most appropriate and commonly accepted phrase to indicate accusations being directed at a person or entity.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 3

Choose the one which can be substituted for the phrase.

"A person who insists on something"

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 3

The correct answer is- Stickler.

Key Points

  • Let's look at the meaning of the marked option:
    • Stickler- a person who insists on a certain quality or type of behavior (एक व्यक्ति जो एक निश्चित गुणवत्ता या व्यवहार के प्रकार पर जोर देता है)
  • Let's look at the meanings of the other given options:
    • Disciplinarian- a person who believes in or practices firm discipline (एक व्यक्ति जो दृढ़ अनुशासन में विश्वास करता है या अभ्यास करता है)
    • Instantaneous- occurring or done in an instant or instantly (तत्काल या तुरन्त में घटित या किया हुआ)
    • Boaster- a person talking with excessive pride and self-satisfaction (अत्यधिक गर्व और आत्म-संतुष्टि के साथ बात करने वाला व्यक्ति)
  • Hence, from the given meanings, we find that Stickler is the correct one-word substitute.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 4

Select the most appropriate SYNONYM of the given word below.

Shove

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 4

The correct answer is: Option 1 i.e. Push.

Key Points

  • The word "Shove" means to push someone or something with force. (धक्का देना)
    • Example: He gave the door a hard shove to open it.
  • "Push" refers to exerting force on someone or something to move them away from oneself. (धक्का देना)
    • Example: She had to push the heavy cart up the hill.
  • Hence, we can infer that the synonym of 'Shove' is 'Push'.

Therefore, the correct answer is: Option 1 i.e. Push.

Additional Information

Here are the other options explained along with their Hindi meanings and example sentences:

  • Flow (प्रवाह): The action or fact of moving along in a steady, continuous stream.
    • Example: The river flowed gently through the valley.
  • Comfort (सुविधा): A state of physical ease and freedom from pain or constraint.
    • Example: She sought comfort in her mother's arms.
  • Relaxed (आराम): Free from tension and anxiety; at ease.
    • Example: He felt relaxed after the long vacation.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 5

Three statements are given followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) from the statements.
Statements:
No river is a sea.
Some rivers are lakes.
All rivers are ponds.
Conclusions:
I. Some lakes are seas.
II. Some ponds are seas.
III. Some lakes are ponds.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 5

Given Statements:
No river is a sea.
Some rivers are lakes.
All rivers are ponds.
The least possible Venn diagram for the given statement is:

Conclusions:
I. I. Some lakes are seas - False (Because, No definite relation given between lakes and seas, so it can be possible).
II. Some ponds are seas - False (Because, No definite relation given between ponds and seas, so it can be possible).
III. Some lakes are ponds - True (Because, some river are lakes and all rivers are ponds, so, the part of lakes which is river is also ponds).
So, Only conclusion III follows

Hence, the correct answer is "Option 3".

CCI Management Trainee (Accounts) Mock Test - 2 - Question 6

Statements:
M @ T, T $ R, R © J
Conclusions:
I. J # M
II. R # M
III. J * T

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 6

According to the given information

Statements: M @ T, T $ R, R © J
On converting: M < T, T ≤ R, R ≥ J
On combining: M < T ≤ R ≥ J
Conclusions:

I. J # M → J > M → False (As M < T ≤ R ≥ J → Relation between J and M cannot be determined)
II. R # M → R > M → True (As M < T ≤ R → R > M)
III. J * T → J = T → False (As T ≤ R ≥ J → Relation between J and T cannot be determined)

Hence, the correct answer is "Option 2".

CCI Management Trainee (Accounts) Mock Test - 2 - Question 7

In a certain code language, 'MENTOR' is coded as 'EMOUPS' and 'OCTAGON' is coded as 'COUBHPO'. What is the code for 'PENCIL' in the given code language?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 7

Logic :

  • (1) is added to all letter's position value according to the English alphabetic series except first two letters.
  • First two letters interchange their positions.

So,

  • 'MENTOR' is coded as 'EMOUPS'

And,

  • 'OCTAGON' is coded as 'COUBHPO'

Similarly,

  • 'PENCIL' is coded as:

Hence, "EPODJM" is the correct answer.

CCI Management Trainee (Accounts) Mock Test - 2 - Question 8

Two statements are given followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) from the statements.
Statements:
All men are old.
All women are old.
Conclusions:
I. All men are women.
II. All old are either men or women.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 8

Statements:
All men are old
All women are old.
The Venn diagram as per the given statements:

Conclusions:
I. All men are women. not follow ( There is no direct relation between men and women, so it can be possible but not definitely true)

II. All old are either men or women. not follow (As per the statements, all men are old and all women are old)

Hence, the correct answer is "Neither conclusion I nor II follows".

CCI Management Trainee (Accounts) Mock Test - 2 - Question 9
Pipes A and B can fill a tank in 10 hours and x hours respectively. Pipe C alone can empty the full tank in 15 hours. When all the three pipes are opened simultaneously for 8 hours, 60% of the tank can be filled. In how many hours can pipes B and C together empty two-fifth of the tank?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 9

Given:

Pipes A and B can fill a tank in 10 hours and x hours respectively.

Pipe C alone can empty the full tank in 15 hours. When all the three pipes are opened simultaneously for 8 hours, 60% of the tank can be filled.

Concept Used:

By Fraction Method

Calculation:

Pipe A fill in the tank in 10 hours

In one hours = 1/10

Pipe B fill in the tank in x hours

In one hours = 1/x

Pipe C alone can empty the full tank in 15 hours.

In one hours = 1/15

When all the three pipes are opened simultaneously for 8 hours, 60% of the tank can be filled.

⇒ (1/10 + 1/x - 1/15)8 = 60/100

⇒ (15x + 150 - 10x)/150x = 60/800

⇒ 90x = 40x + 1200

⇒ 50x = 1200

⇒ x = 24

Total Work is 150x

⇒ 150 × 24 = 3600

B and C together empty two-fifth of the tank

⇒ {3600 × (2/5)}/(10x - 150)

⇒ 1440/90

⇒ 16 hours

∴ 16 hours can pipes B and C together empty two-fifth of the tank.

CCI Management Trainee (Accounts) Mock Test - 2 - Question 10

A, B and C are three partners in a business who shared profit in the ratio of 2 ∶ 5 ∶ 3. If they had invested for 8 months, 6 months and 9 months respectively, what is the ratio of their investments?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 10

Given:
Ratio of the share of the profit of A, B and C (respectively) = 2 : 5 : 3
Ratio of the time period of the investments of A, B and C (in months) = 8 : 6 : 9
Formula used:
The ratio of the share of profits = Ratio of the product of investments and time period
Calculation:
Let the ratio of investments of A, B and C be in the ratio a : b : c
According to the question,
2 : 5 : 3 = 8a : 6b : 9c
, ,
⇒ 40a = 12b, 18b = 45c, 24a = 18c
---- eq.1
----eq.2
----eq.3
By multiplying eq.2 by 2; we get ----eq.4
Now by equations 1,3 and 4 we get, a : b : c = 3 ∶ 10 ∶ 4

∴ The ratio of their investments is 3 ∶ 10 ∶ 4.

CCI Management Trainee (Accounts) Mock Test - 2 - Question 11

8 workers can complete a task in (y + 12) days, while 15 machines can do the same task in (2y + 6) days. If the ratio of the efficiency of a worker to a machine is 3:2, then in how many days will 6 workers and 3 machines together complete the task?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 11

Given:
8 workers can complete a task in (y + 12) days
15 machines can do the same task in 
(2y + 6) days
The ratio of the efficiency of a worker to a machine = 3:2

Concept Used:
Total work done = number of workers × efficiency × number of days(or hours)
Calculation:
The work done is the same in both cases so,
⇒ 8 × (y + 12) × 3 = 15 × (2y + 6) × 2
⇒ 24y + 288 = 60y + 180
⇒ 36y = 108
⇒ y = 108/36
⇒ y = 3
So, the work done is 8 × (3+12) × (3) = 360 units
Total efficiency of 6 workers and 3 machines = (6 × 3) + (3 × 2)
⇒ 18 + 6 = 24
So, the number of days taken by 6 workers and 3 machines to complete a work is,
⇒ 360/24 = 15
Hence, the correct answer is 15 days.

CCI Management Trainee (Accounts) Mock Test - 2 - Question 12

X , Y and Z can complete a work in 5 days, 15 days and 30 days, respectively. In how days can the work be completed if X is assisted by Y and Z together, on every second day?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 12

Given:
X , Y and Z can complete a work in 5 days, 15 days and 30 days, respectively.
Concept used:
Efficiency = (Total work / Total time taken)
Efficiency = work done in a single day
Calculation:
Let total work is 30 units ( Lcm of 5 . 15 and 30 )
The efficiency of X is
⇒ 30 / 5 = 6 unit
Again, the Efficiency of Y is,
⇒ 30 / 15 = 2 unit
Again, the Efficiency of Z is,
⇒ 30 / 30 = 1 unit
Total Efficiency,
⇒ 6 + 2 + 1= 9 unit
Efficiency of Y + Z = 3 units
Total work done in 1st, and 3rd day
⇒ 2 ×( 9+3) = 24 units
Y + Z together does in 2nd and 4 th day is, 3 × 2 = 6 unit
The number of days required is 2 + 2 = 4 days
∴ The correct option is 2

CCI Management Trainee (Accounts) Mock Test - 2 - Question 13

P and Q can do a work together in 30 days. Q and R can do the same work together in 24 days and R and P together in 20 days. They started the work together, but Q and R left after 10 days. How many more days will P take to finish the remaining work?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 13

Given:
P and Q can do work together in 30 days.
R and Q can do work together in 24 days.
P and R can do work together in 20 days.
Formula Used:
LCM method
Calculation:
Now LCM of 30, 24, 20 is 120. Consider 120 as total work.
Total work = 120 unit
Efficiency of P + Q = 120/30
= 4 unit
Efficiency of Q + R = 120/24
= 5 unit
Efficiency of R + P = 120/20
= 6 unit
Efficiency of (A + B + B + C + A + C) = 4 + 5 + 6
= 15 unit
A,B,C together they work for 10 days then
2(A + B + C) completes the work in 10 days = = 75 units.
Remaining 45 units completed by P ( 120 units - 75 units (completed in 10 days) = 45
P + Q = 4 , Q + R = 5, R + P = 6 solving equation we get P = 5/2
Remaining work done by P
⇒ 45 × = 18 days
∴ In 18 days P take to finish the remaining work.

CCI Management Trainee (Accounts) Mock Test - 2 - Question 14
Asteroids are found between the orbits of
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 14

The correct answer is ​Mars and Jupiter.

Key Points

  • Asteroids
    • Apart from the stars, planets, and satellites, numerous tiny bodies also move around the sun. These bodies are called asteroids.
    • They are found between the orbits of Mars and Jupiter.
    • Scientists are of the view that asteroids are parts of a planet that exploded many years back.
    • Asteroid Belt is a circumstellar disc in the Solar System.
    • Asteroid Belt is occupied by numerous irregularly shaped bodies called asteroids or minor planets.
    • Four largest asteroids
      • Ceres
      • Vesta
      • Pallas
      • Hygiea
    • Ceres, the asteroid belt's only dwarf planet.
    • Asteroids orbit the Sun and are small bodies on the solar system.
    • They are made up of metals and rocks and also consist of organic compounds.
    • They are similar to comets but don’t have a coma-like comet.
    • Asteroids tend to have shorter and elliptical orbits.
    • Astronomers have discovered millions of asteroids some that measure hundreds of kilometers across and some as small as dust particles.
    • Asteroids have an elliptical orbit.
    • It is made of metals and rocks.
    • Do not produce a coma or tail atmosphere.
    • The orbital period is 1 to 100 years.

CCI Management Trainee (Accounts) Mock Test - 2 - Question 15
Boat race is associated with which festival in India?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 15

The correct answer is Onam.

Key Points

  • The boat race is associated with the Onam festival in India.
  • It is a harvest festival in Kerala.
  • It is celebrated as an outcome of reasons that have to do with mythology as well as old agrarian practices.
  • It is a festival to mark the homecoming of the great king Mahabali.
  • As per the Malayalam calendar, Onam is celebrated on the day of Thiruvonam nakshatra in the month of Chingam.

Thus, we can say that the boat race is associated with the Onam festival.

CCI Management Trainee (Accounts) Mock Test - 2 - Question 16
We among the following were the members of the drafting committee of the constitution?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 16

The correct answer is N Gopalaswami.

Important Points

  • The Constituent Assembly appointed a Drafting Committee on 29 August 1947 under the chairmanship of Dr. B.R. Ambedakar.
  • The draft was prepared by Sir B.N. Rau, Advisor to the Constituent Assembly.
  • A Seven member Committee was constituted to examine the draft.
  • They were-
    • Alladi Krishnaswami Ayyar,
    • N. Gopalaswami.
    • B.R. Ambedkar (Chairman of the drafting committee.)
    • K.M Munshi.
    • Mohammad Saadulla.
    • B.L. Mitter.
    • D.P . Khaitan

Additional Information

  • Dr. B.R. Ambedkar, who was Law Minister as well as chairman of the Drafting Committee piloted the draft in the Assembly.
  • Dr. Ambedkar presented “Draft Constitution of India”.
  • The “Draft Constitution” was published in February, 1948.
  • It was discussed by the Constituent Assembly clause by in its several sessions and was completed by October 17, 1949.
  • This discussion was known as the second reading.
  • The Constituent Assembly again met on 14 November 1949 to discuss the draft further or to give it a third reading.
  • It was finalised on 26 November 1949 after receiving the signature of the President of the Constituent Assembly.
  • But it was January 26, 1950 which became the date of commencement of the Constitution.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 17
The Sun temple built at Gaya during the Sultanate period has an inscription containing the name of a Sultan twice. Who is this Sultan?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 17

The correct answer is Firuz Shah Tughlaq.

Key Points

The Sun Temple of Gaya

  • The Dakshinaarka temple in Gaya is an ancient shrine to the Sun God.
  • The current structure dates back to the 13th century, where the South Indian emperor Prataparudra of Warangal is said to have built it.

Additional Information

  • Sultan Firoz Shah Tughlaq was a Muslim ruler of the Tughlaq dynasty and he reigned over the Sultanate of Delhi.
  • He ruled from 1351 to 1388.
  • Sultan Firoz Shah Tughlaq was forced by rebellions to concede virtual independence to Bengal and other provinces.
  • Tughlaq established Sharia across his realm.
  • Firoz Shah Tughlaq's autobiography is titled Futuhat-e-firozshahi.
  • Tughlaq founded several cities around Delhi, including Firozpur, Hissar, Firozabad, Fatehabad, Jaunpur.
  • Tughlaq's father's name was Rajab who had the title Sipahsalar and his mother Naila was a Bhati Rajput princess from Dipalpur.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 18
During the freedom struggle on which day the Indian National Congress celebrated the Poorna Swaraj.
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 18

The correct answer is January 26, 1930.

Key Points:

  • On 19 December 1929, Indian National Congress passed the historic ‘Purna Swaraj’ at its Lahore session. On 26 January 1930, A public declaration was made. It was a day where the Congress Party urged Indians to celebrate as ‘Independence Day
  • Due to the breakdown of negotiations between leaders of the freedom movement and the British over the question of dominion status for India, the declaration was passed.
  • It is a critical component of the changing strategy of the independence movement in engaging with the British
  • The demand for freedom was now made in the language of justice and not charity. Total independence was seen as an event by leaders of the freedom movement and Indians in general.
  • During 1946 -1950 while making the constitution process, members of the Constituent Assembly chose 26 January 1950 for the Constitution of India to come into effect to honour the date of the public declaration of Purna Swaraj.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 19
The Pradhan Mantri Rojgar Yojana was started during the _________.
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 19

The correct answer is Eighth Five Year Plan.Key Points

  • The Pradhan Mantri Rojgar Yojana was started during the Eighth Five Year Plan, which was from 1992-1997.
  • The aim of the scheme was to provide employment opportunities to the unemployed youth of the country by promoting self-employment and entrepreneurship.
  • The scheme was later replaced by the Prime Minister's Employment Generation Programme (PMEGP) in 2008, which continues to provide financial assistance to start-ups and micro-enterprises.
  • The Seventh Five Year Plan was from 1985-1990, Ninth Five Year Plan was from 1997-2002, and Tenth Five Year Plan was from 2002-2007.
  • Hence, options 1, 3, and 4 are incorrect.

Additional Information

  • The Pradhan Mantri Rojgar Yojana was launched by the Ministry of Micro, Small and Medium Enterprises (MSMEs) and was implemented through the District Industries Centres (DICs).
  • The scheme provided subsidy up to 15% of the project cost, subject to a maximum of Rs. 7,500 per entrepreneur for setting up of new projects.
  • The Seventh Five Year Plan focused on accelerating economic growth and modernizing the industry, while the Ninth Five Year Plan emphasized on poverty reduction and human development.
  • The Tenth Five Year Plan aimed at achieving a GDP growth rate of 8% and reducing poverty by half.
  • The Eighth Five Year Plan, under which the Pradhan Mantri Rojgar Yojana was launched, aimed at increasing agricultural and industrial production, improving infrastructure, and promoting social sector development.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 20
When can a party claim compensation under quantum meruit?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 20
A party can claim compensation under quantum meruit when they have partially performed their obligations under the contract. This means that they have rendered goods or services to the other party, but the contract could not be fully performed for some reason. The party can then seek payment for the work they have done based on the principle of as much as merited.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 21
Which of the following is NOT considered a mode of corporate restructuring?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 21
Corporate restructuring methods include mergers, demergers, amalgamations, and compromises. Dissolution is not a mode of corporate restructuring but refers to the termination of a company's legal existence.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 22
What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 22
Eliminating a specific customer invoice against the provision for doubtful debts involves debiting the provision for doubtful debts and crediting the accounts receivable account. This adjustment helps in adjusting the accounts receivable balance by removing the specific invoice that is not going to be paid. It doesn't impact the income statement directly but rather reflects the adjustment in the balance sheet.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 23
In case a company earns a profit, how is the net profit calculated for the purpose of calculating managerial remuneration?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 23
When calculating net profit for the purpose of managerial remuneration in case of a company earning a profit, the formula is Gross profit + Profit on sale of fixed assets - Usual working charges - Bonus or commission paid or payable to company staff - Tax liability by central govt. except income tax liability - Interest on mortgage - Repair expenses - Normal depreciation - Liability of legal charges/damages - Bad debts.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 24
What can RBI do regarding capital account transactions under FEMA?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 24
RBI has the authority to restrict various capital account transactions under FEMA. This includes the transfer of foreign securities by Indian residents, the transfer of foreign securities by Indian residents that are now outside India, and the transfer of immovable property. RBI sets the limits and regulations for these transactions after discussions with the Indian government.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 25
Under what circumstances can individual shareholders bring action against the company for breach of duty by directors and majority shareholders?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 25
Individual shareholders can bring action against the company for breach of duty by directors and majority shareholders when the breach of duty harms the company due to mismanagement. This provision allows shareholders, particularly minority shareholders, to seek legal remedies when the actions of the majority and directors negatively impact the company's performance and well-being.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 26
What is the right to safety under the Consumer Protection Act?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 26
The right to safety under the Consumer Protection Act refers to the consumer's right to be protected against goods and services that are hazardous to health or life.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 27
When can an appeal be filed before the High Court against an order of the Income Tax Appellate Tribunal (ITAT)?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 27
An appeal against an order of the Income Tax Appellate Tribunal (ITAT) lies before the High Court within 120 days of receiving the ITAT's order. The appeal should state the substantial question of law for consideration.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 28
What is the key advantage of a company diversifying its business activities through a subsidiary acquisition?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 28
Acquiring a subsidiary allows a company to diversify its business activities at a lower cost. By obtaining controlling interest in another company, the parent company can expand its operations into different areas without starting from scratch, thus saving on the costs associated with building new business divisions.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 29
What is the difference between a motion and a resolution in a meeting?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 29
A motion is a proposal put before a meeting for consideration and discussion. Once voted upon and passed, it becomes a resolution, which is the formal expression of the meeting's decision. Resolutions are recorded in the minutes and represent the official outcomes of the meeting.
CCI Management Trainee (Accounts) Mock Test - 2 - Question 30
In which mode can a Tax Recovery Officer recover arrears of tax by attaching and selling movable property?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 2 - Question 30
A Tax Recovery Officer can recover arrears of tax by attaching and selling movable property through the mode of "Distraint and Sale of Movable Property."
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