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CCI Management Trainee (Accounts) Mock Test - 6 - Agriculture Exams MCQ


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30 Questions MCQ Test Cotton Corporation of India Management Trainee (Marketing & Accounts) Mock Test Series 2024 - CCI Management Trainee (Accounts) Mock Test - 6

CCI Management Trainee (Accounts) Mock Test - 6 for Agriculture Exams 2024 is part of Cotton Corporation of India Management Trainee (Marketing & Accounts) Mock Test Series 2024 preparation. The CCI Management Trainee (Accounts) Mock Test - 6 questions and answers have been prepared according to the Agriculture Exams exam syllabus.The CCI Management Trainee (Accounts) Mock Test - 6 MCQs are made for Agriculture Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for CCI Management Trainee (Accounts) Mock Test - 6 below.
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CCI Management Trainee (Accounts) Mock Test - 6 - Question 1

In the following question, out of the four alternatives, select the alternative which will improve the underlined part of the sentence. In case no improvement is needed, select the "No improvement" option.

We may have lost the election, but we take the heart in the fact that so many young people are now engaged and excited about politics.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 1

The correct sentence is Option 1) i.e. take heart

  • In a few phrases, A/ An is not used.
  • Some of these phrases are: To lose heart, to set foot, to give ear, at home, last but not least, to catch fire, in hand, sen on fire, in danger, to take heart

The correct sentence is: 'We may have lost the election, but we take heart in the fact that so many young people are now engaged and excited about politics.'

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

Directions: Each item in this section consists of a sentence with an underlined word followed by four words/groups of words. Select the option that is nearest in meaning to the underlined word and mark your response on the Answer Sheet accordingly.

The solicitous mother cared deeply for her child's well-being.

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

The correct answer is: Option 3.

Key Points

  • The word "solicitous" means showing concern or care for someone's well-being. (चिंतित)
    • Example: The solicitous nurse made sure all her patients were comfortable and well-fed.
  • "Attentive" refers to paying close attention to something or someone; being considerate and thoughtful. (ध्यान देने वाला)
    • Example: The attentive waiter ensured that our glasses were always full and that we had everything we needed.
  • Hence, we can infer that the word 'solicitous' is nearest in meaning to 'attentive'.

Therefore, the correct answer is: Option 3.

Additional Information

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

  • Indifferent (उदासीन): Having no particular interest or sympathy; unconcerned.
    • Example: He was indifferent to the outcome of the game.
  • Careless (लापरवाह): Not giving sufficient attention or thought to avoiding harm or errors.
    • Example: Her careless actions led to a minor accident in the lab.
  • Neglectful (उपेक्षापूर्ण): Failing to take proper care in doing something.
    • Example: The neglectful parent left the child unattended for hours.
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CCI Management Trainee (Accounts) Mock Test - 6 - Question 3

What does the debate over the UCC highlight in the context of India's governance?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 3

The correct answer is 'The balance between plurality and uniformity in law'.
Key Points

  • The UCC debate embodies the tension between India's traditional diversity and the aspiration for a uniform legal framework.
  • It showcases the complex interplay between adhering to religious traditions and moving towards a secular, equitable legal system.
  • This debate brings to light the challenge of modernizing laws while respecting the country's multifaceted cultural and religious landscape.
  • It underscores the endeavor to find a middle ground that respects diversity while ensuring equality and justice for all citizens, according to the principles enshrined in the Constitution.
  • The conversation around the UCC reflects broader dialogues about national identity, secularism, and the role of law in navigating societal pluralism.

Therefore, the correct answer is 'Option 2'.
Additional Information

  • Option 1 simplifies the issue, ignoring the complexities involved in legal reforms in a diverse society like India.
  • Option 3 misrepresents the essence of the debate, which leans towards balancing religious freedoms with a unified law.
  • Option 4 incorrectly suggests a general disregard for constitutional principles, which form the basis of the UCC discussion.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 4

Sentences of a paragraph are given below in jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph.

P) Or it could become a meaningful word in its own right, with a sense akin to ‘snafu’.

Q) It might, as McCulloch suggests, give rise to a productive suffix.

R) In linguistic terms, covfefe-gate (I know) raises several interesting questions.

S) It’s not yet clear what kind of life awaits the coinage in the wider language: perhaps it will remain tied to this moment, a famous one-off.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 4
The correct answer is 'RSQP'.
Key Points
  • R) introduces the topic by mentioning "covfefe-gate" and stating that it raises interesting questions in linguistic terms, establishing a broad context for the discussion.
  • S) follows up by exploring potential futures for the term "covfefe," laying out various possibilities without yet diving into specifics, effectively setting the stage for deeper analysis.
  • Q) then delves into a specific possibility, suggesting that "covfefe" could inspire a productive suffix, which is a more concrete speculation compared to the general possibilities mentioned in S).
  • P) concludes the sequence by presenting another specific outcome, where "covfefe" becomes a standalone word with a defined meaning, related to the idea of a snafu, providing closure to the discussion by ending with a concrete outcome.
Therefore, the correct answer is 'Option 1'.
Complete Sentence: In linguistic terms, covfefe-gate (I know) raises several interesting questions. It’s not yet clear what kind of life awaits the coinage in the wider language: perhaps it will remain tied to this moment, a famous one-off. Or it could become a meaningful word in its own right, with a sense akin to ‘snafu’. It might, as McCulloch suggests, give rise to a productive suffix.
Additional Information
  • Option 2 (RQSP): This sequence prematurely introduces the idea of a productive suffix before exploring the broader possibilities for "covfefe," which disrupts the logical flow from general to specific.
  • Option 3 (PQSR): Beginning with the final outcome of "covfefe" becoming a meaningful word disrupts the narrative structure, as there is no established context or introduction to the topic.
  • Option 4 (QSRP): This order starts with a specific speculation about a suffix, bypassing the necessary introduction and broader considerations of "covfefe's" future in language, making it an illogical progression.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 5

Read the given statement and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions is true based on the given statement.

Statement :

L ≥ D > O ≤ G ≥ U > K

Conclusions:

I. G > K

II. O < U

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 5

Given statement : L ≥ D > O ≤ G ≥ U > K

Conclusions:

I. G > K → TRUE (as L ≥ D > O ≤ G ≥ U > KG > K; clear relationship between G and K can be determined).

II. O < U → FALSE (as L ≥ D > O ≤ G ≥ U > K → clear relationship between O and U cannot be determined).

Hence, the correct answer is "Only conclusion I is true".

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

How many triangles are there in the given figure?

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

The number of triangles in the given figure:

Here, the number of triangles is '24'.
Hence, the correct answer is "Option (1)".

CCI Management Trainee (Accounts) Mock Test - 6 - Question 7

Study the following information carefully to answer the question.

3 D K $ P 2 7 # @ 4 J T H 9 * F M R 1 5 % ? 6 8

How many such symbols are there in the above arrangement which are immediately followed by a letter but not immediately preceded by a letter?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 7

Given:

3 D K $ P 2 7 # @ 4 J T H 9 * F M R 1 5 % ? 6 8

Solutions:

3 D K $ P 2 7 # @ 4 J T H 9 * F M R 1 5 % ? 6 8

There is only one symbol which is immediately followed by a letter but not immediately preceded by letter 9 * F

Hence, The answer is One.

CCI Management Trainee (Accounts) Mock Test - 6 - Question 8

Read the given statements and conclusions carefully. Assuming that the information given in the statements true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow(s) from the statements.
Statements:
No crow is a pigeon.
All sparrows are crows.
Some sparrows are birds.
Conclusions:
I. No sparrow is a pigeon.
II. No bird is a pigeon.
III. Some crows are birds.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 8

The least possible Venn diagram will be as follows:

Conclusions:
I. No sparrow is a pigeon → True (As All sparrow are Crow and No crow is pigeon. It means No sparrow is a pigeon is definitely true.)
II. No bird is a pigeon → False (As No crow is pigeon and some birds are sparrow. Means only some birds are not pigeon)
III. Some crows are birds → True (As All sparrow are Crow and Some Birds are sparrow. It means Some birds are definitely crow
Hence, Only conclusions I and III follow.

CCI Management Trainee (Accounts) Mock Test - 6 - Question 9

The average age of A, B and C is 98/3. The ratio of A's age to the combined ages of B and C is 2 : 5 and the ratio of B's ​​age to the combined ages of A and C is 16 : 33. What is the age (in years) of C?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 9

Given:
The average age of A, B and C = 98/3
The ratio of Ages of A and (B + C) = 2:5
Ratio of Ages of B and (A  + C) = 16:33
Concept used:
Average = sum of elements/number of elements
Calculation:
According to the question,
The average age of A, B, and C = 98/3
=
⇒ A + B + C = 98 -----(1)
The ratio of Ages of A and (B + C) = 2:5
=
+ 1 = + 1
=

Put the value (A + B + C) from equation 1,
=
⇒ B + C = 70 -----(2)
Ratio of Ages of B and (A + C) = 16:33
=
+ 1 = + 1
=
Put the value (A + B + C) from equation 1,
=
⇒ A + C = 66 -----(3)
Add the equations 2 and 3 and subtract the equation 1,
⇒ (A + B + 2C) - (A + B + C) = 70 + 66 - 98
⇒ C = 38

∴ The correct answer is 38.
Alternate Method
Given:

The average age of A, B and C = 98/3
The ratio of Ages of A and (B + C) = 2:5
Raio of Ages of B and (A + C) = 16:33
Calculation:
According to the question,
The average age of A, B, and C = 98/3
=
⇒ A + B + C = 98 ---------- (1)
The ratio of Ages of A and (B+C) = 2:5
=
Let, the value of A = 2 k
The value of (B + C) = 5 k
Put the value in equation 1
⇒ 2 k + 5 k = 98
⇒ 7 k = 98
⇒ k = 14
The value of A = 2 k = 2 x 14 = 28
The value of (B + C) = 5 k = 5 x 14 = 70

The Ratio of Ages of B and (A + C) = 16:33
=
Let, the value of B = 16 p
The value of (A + C) = 33 p
Put the value in equation 1
⇒ 16 p + 33 p = 98
⇒ 49 p = 98
⇒ p = 2
The value of B = 16 p = 16 x 2 = 32
The value of (A + C) = 33 p = 33 x 2 = 66
⇒ A + C = 66
⇒ 28 + C = 66
⇒ C = 38

∴ The age (in years) of C is 38.

CCI Management Trainee (Accounts) Mock Test - 6 - Question 10

Find the compound interest, compounding annually on ₹22,500 in 2 years, if the rate of interest is 5% for the first year, and 8% for the second year.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 10

Given data:
Principal amount (P): ₹22,500
Rate of interest for the first year (r1): 5%
Rate of interest for the second year (r2): 8%
Time period: 2 years
Interest compounding annually
Formula/Concept:
Compound Interest (CI) = P × [(1 + r1/100) × (1 + r2/100) - 1]
Solution Steps:
Convert the rates of interest to decimal form: r1 = 0.05 and r2 = 0.08.
CI = ₹22,500 × [(1 + 0.05) × (1 + 0.08) - 1].
CI = ₹22,500 × (1.05) × (1.08) - ₹22,500.
⇒ CI = ₹22,500 × 1.134 - ₹22,500.
CI = ₹25,515 - ₹22,500.
CI = ₹3,015.
Therefore, the compound interest is ₹3,015.
Alternate Method

CCI Management Trainee (Accounts) Mock Test - 6 - Question 11
X sold something to Y for 540 rupees with a 20% loss. Y spent 170 rupees repairing it and selling Z at the rate at which X would have gained 24%. Find the profit earned by Y.
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 11

Given:

X sold to Y for 540 rupees at a 20% loss.

Y spent 170 rupees on repairs.

Z sold by Y at a rate that would give X a 24% gain.

Formula used:

CP = SP/(100 - Loss)%

CP = SP/(100 + profit)

Calculation:

CP for X = 540 × 100/80 = Rs 675.

The price at which Y sold to Z = 675 + 24% of 675

⇒ 675 + 6/25 × 675 = Rs 837.

The total cost price for Y = 540 + 170 = Rs 710.

Profit for Y = Selling price - CP for Y = 837 - 710 = Rs 127.

∴ Y earned a profit of Rs 127.

CCI Management Trainee (Accounts) Mock Test - 6 - Question 12

A trader is selling an article at 20% more than the cost price. If a customer buys three or more items through cash payment, he is offering a discount to sell the stock. Sujata bought four shirts and paid in cash. If Sujatha gets 10% discount given in the scheme, then find the profit percentage.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 12

Given:

Marked price MP = 120 % of Cost price CP

additional discount D = 10%

Formula used:

Selling price = Marked price - Discount

Profit = Selling price - Cost price

Profit % = (Profit / Cost price) × 100

Calculation:

SP1 = CP + (20/100) × CP = (6/5) × CP

D = (10/100) × (6/5) × CP = (6/50) × CP

SP2 = SP1 - D

SP2 = {(6/5) × CP} - {(6/50) × CP} = (54/50) × CP

Profit = Selling price - Cost price

Profit = {(54/50) × CP} - CP = (4/50 × CP)

Profit % = (Profit / Cost price) × 100

∴ Profit % = {(4/50 × CP) / CP} × 100 = 8%

Hence, the total profit is 8 %.

Alternate MethodLet CP of 4 shirts = 100 Rs

SP1 = 100 × (1 + 20/100) = 120 Rs

Discount = 120 × 10/100 = 12 Rs

SP2 = SP1 - Discount = 120 - 12 = 108

Profit % = [(108 - 100)/100] × 100 = 8%

∴ Profit is 8 %.

CCI Management Trainee (Accounts) Mock Test - 6 - Question 13

The price of a land passing through three hands rises on the whole by 65%. The first and second sellers earned 20% and 25% profit, respectively. Find the profit percentage earned by the third seller.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 13

Given:
Total profit = 65% First seller's profit = 20% Second seller's profit = 25%
Calculation:
Let the original price of the land = Rs. 100
⇒ First SP = 100 × (1 + 20/100) = 100 × 1.2 = Rs. 120
⇒ Second SP = 120 × (1 + 25/100) = 120 × 1.25 = Rs. 150
⇒ Final SP = 100 × (1 + 65/100) = 100 × 1.65 = Rs. 165
Profit earned by the third seller: Initial price before third seller = Rs. 150 Selling price after third seller = Rs. 165
Third seller's profit % = ((165 - 150) / 150) × 100
⇒ Profit % = (15/150) × 100 = 10%
Profit percentage earned by the third seller = 10%

CCI Management Trainee (Accounts) Mock Test - 6 - Question 14
Two dice are rolled simultaneously then the probability that they show different numbers is
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 14

Given:

Two dices

Formula used:

Probability = No of desired outcomes/Total number of outcomes

Calculation:

We know that when 2 dice are thrown then total no of outcome will be 36.

According to question,

Outcomes with different numbers on dice = 30

Total no. of outcomes = 36

Probability = 30/36

⇒ 5/6

∴ The correct answer is 5/6.

CCI Management Trainee (Accounts) Mock Test - 6 - Question 15
What type of study has Chandrayaan-3's Pragyan rover conducted at the Moon's South Pole?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 15

The correct answer is Geological mapping

In News

  • Chandrayaan-3 mission, led by India, reveals significant findings about lunar surface at Moon's South Pole.

Key Points

  • Pragyan rover's data analysis unveils insights into distribution and origin of rock fragments, advancing lunar geology understanding.
  • Rover, deployed by Vikram lander on August 23, 2023, traversed 103 meters during its lunar exploration.
  • Findings highlight increased number and size of rock fragments 39 meters west of landing site "Shiv Shakti point," named by PM Narendra Modi.
  • Exploration focused on Nectarian plains between Manzinus and Boguslawsky craters, area of scientific interest.
  • Fragments scattered around small crater rims, wall slopes, and floors, each ≤ 2 meters in diameter.
  • Presented at International Conference on Planets, Exoplanets, and Habitability, findings indicate rock fragments' gradual coarsening due to space weathering.
  • Discovery informs lunar resource utilization strategies.
  • Chandrayaan-3 achieved India's first soft landing at lunar south pole and marked fourth global soft-landing on Moon, following Soviet Union, US, and China.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 16

Tunga and Bhadra river are tributaries of which of the following rivers ?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 16

The correct answer is Krishna.
Key Points

  • Tunga and Bhadra rivers are tributaries of the Krishna river.

  • The Krishna River is the second biggest river in peninsular India after the Godavari River.

  • It originates near Mahabaleshwar (Satara) in Maharashtra.

  • It runs from four states Maharashtra (303 km), North Karnataka (480 km) and the rest of its 1300 km journey in Telangana and Andhra Pradesh before it empties into the Bay of Bengal.

  • Tributaries: Tungabhadra, Mallaprabha, Koyna, Bhima, Ghataprabha, Yerla, Warna, Dindi, Musi, Tunga and Bhadra.

Additional Information

CCI Management Trainee (Accounts) Mock Test - 6 - Question 17

Who was conferred the Lifetime Achievement Honour in the UK in January 2023?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 17

The correct answer is Manmohan Singh.
In News

  • Former PM Manmohan Singh was conferred the Lifetime Achievement Honour in the UK in January 2023.

Key Points

  • He was conferred the Lifetime Achievement Honour by India-UK Achievers Honours in London for his contribution to economic and political life.
  • The India-UK Achievers Honours by NISAU UK celebrate the achievements of Indian students who studied at British universities.
  • The Lifetime Achievement Honour is a nod to Dr Singh’s academic achievements at the Universities of Oxford and Cambridge.

Additional Information

  • United Kingdom:
    • It is an island nation in northwestern Europe.
    • It is made up of England, Scotland, Wales and Northern Ireland.
    • United Kingdom as a whole is the member of the Commonwealth of Nations, NATO and the United Nations.
    • Capital: London
    • Currency: British Pound Sterling (GBP)
    • King: Charles III
    • Prime Minister: Rishi Sunak
    • Government: Parliamentary constitutional monarchy
  • Recent Awards and Honours:
    • Himalayan Cataract Project Co-Founder and noted Nepali ophthalmologist Dr Sanduk Ruit has won the ISA Award 2021-22 for Service to Humanity in January 2023.
    • Leading steelmaker Jindal Steel & Power has been awarded the prestigious Golden Peacock Award 2022 for its excellence in Corporate Social Responsibility activities in the Steel Sector, on 13 January 2023.
    • Aparna Sen was honoured with a lifetime achievement award at the 15th Edition of the Jaipur International Film Festival on 11 January 2023
    • Writer Ambikasuthan Mangad has been selected for Odakuzhal Award 2022 for his collection of short stories titled Pranavayu.​
CCI Management Trainee (Accounts) Mock Test - 6 - Question 18
How many days of employment are guaranteed under the MGNREGS?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 18

The correct answer is 100days.

Key Points

  • Mahatma Gandhi National Rural Employment Guarantee Act (2005).
    • This is a labor law and social security measure that aims to guarantee the 'Right to Work'.
    • It was officially launched on 2 February 2006 under The Mahatma Gandhi National Rural Employment Guarantee Act, passed on 23 August 2005.
    • The act was first proposed in 1991 by P.V. Narasimha Rao.
    • MNREGS is a scheme that is based on the MNREGA act.
    • MNREGA is implemented mainly by Gram Panchayat.
    • The nodal ministry for MNREGA is the Ministry of Rural Development.
    • The mandate of the MNREGA is to provide at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 19
In which of the following sports, apart from volleyball, do players make use of the Screen technique?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 19

The correct answer is Basketball.Key Points

  • The Screen technique is used in basketball apart from volleyball.
  • In basketball, players use the Screen technique to block the path of an opposing player, allowing their teammate to move past them.
  • Basketball is a team sport where players score points by shooting a ball through a hoop elevated 10 feet above the ground.
Additional Information
  • Volleyball is a team sport where players use their hands, arms, or any other part of their body to hit the ball over a net and into the opponent's court.
  • Cricket is a bat-and-ball game played between two teams of 11 players each.
    • While the bowling and fielding side tries to stop this and dismiss every batter, the batting side scores runs by hitting the ball bowled at one of the wickets with the bat and then sprinting between the wickets.
  • Baseball is a bat-and-ball game played between two teams of nine players each.
    • There are nine innings in the game, each with two halves.
    • One team's players bat first and try to score runs in the top half of the inning, while the other team plays in the field and tries to prevent the offensive team from scoring.
  • Handball is a team sport where players pass a ball using their hands with the aim of scoring goals in a net.
    • Two 30-minute periods make up a typical game, and the team with the most goals wins.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 20
Who has been appointed as the President of the BRICS CCI Women Vertical?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 20

The correct answer is Ruby Sinha.

In News

  • SheAtWork founder Ruby Sinha appointed president of BRICS CCI women vertical in June 2023.

Key Points

  • BRICS Chamber of Commerce and Industry (BRICS CCI) has appointed Ruby Sinha as the president of BRICS CCI WE, the women’s vertical of the body, for three years.
  • Ruby Sinha is the founder of SheAtWork, a knowledge hub for women entrepreneurs, and Kommune Brand Communications.
  • BRICS Chamber of Commerce and Industry works towards promoting active trade, commerce and entrepreneurship between the BRICS and other friendly nations.
  • Women Vertical of BRICS CCI:
    • The Women Vertical of BRICS CCI has been created with a prime focus on women empowerment initiatives and policies across geographies.
    • The objective of the women’s wing is to create an enabling support system for women entrepreneurs and professionals across geographies.

Additional Information

BRICS:

  • It is an acronym for Brazil, Russia, India, China and South Africa.
  • The BRICS Leaders’ Summit held annually.
  • BRICS accounts for about 40% of the world’s population and about 30% of the World GDP.
  • The First BRIC Summit took place in 2009 in the Russian Federation.
  • South Africa joined the BRIC in December 2010, Later it became BRICS.
  • BRICS has a bank of its own called New Development Bank.
  • It is headquartered in Shanghai.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 21
In May 2023, Prime Minister Narendra Modi inaugurated Odisha's First Vande Bharat Train. What will be the route of this train?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 21
The correct answer is Puri to Howrah.In News
  • PM Narendra Modi laid the foundation stone and dedicate several railway projects worth over 8,000 cr Rs in Odisha.

Key Points

  • Prime Minister Narendra Modi laid the foundation stone and dedicated several railway projects worth over 8,000 crore rupees in Odisha on Thursday via video conferencing.
  • One of the projects was the Vande Bharat Express, which was flagged off between Puri and Howrah.
  • The train will cover 500 kms distance and pass through Khordha, Cuttack, Jajpur, Bhadrak, and Balasore districts in Odisha and Paschim Medinipur, Purba Medinipur districts in West Bengal.
  • The regular run of the Howrah-Puri-Howrah Vande Bharat Express will commence from May 20.
  • The train will run six days a week.​

Additional Information

  • Vande Bharat Express:
    • It is also known as Train 18, is an indigenously designed and manufactured semi-high-speed train set operated by Indian Railways.
    • It is India's first self-propelled train set. The train was inaugurated by the Prime Minister of India, Shri Narendra Modi in 2019.
    • The Vande Bharat Express has a number of features that make it a comfortable and convenient train to travel in. The coaches are air-conditioned and have comfortable seats.
    • The train also has a number of amenities, such as a pantry car, a bio-vacuum toilet, and a GPS-based passenger information system.
  • Key features of the Vande Bharat Express:
    • Self-propelled train set
    • Top speed of 180 kmph
    • Operational speed of 130 kmph
    • Air-conditioned coaches
    • Comfortable seats
    • Pantry car
    • Bio-vacuum toilet

CCI Management Trainee (Accounts) Mock Test - 6 - Question 22
What is the primary purpose of the provision for doubtful debts in accrual basis accounting?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 22
The provision for doubtful debts is used to estimate the amount of bad debts that will arise from accounts receivable. It allows companies to recognize an expense for probable bad debts as soon as invoices are issued to customers, aligning with the matching principle. This helps in accurately reflecting the financial position of the company and accounting for potential losses due to non-payment of invoices.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 23
Capital structure refers to the __________ and __________ that make up capitalization.
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 23
Capital structure refers to the kinds of securities and the proportionate amounts that make up capitalization. This means that it involves determining the types of financial instruments used to raise capital and the relative proportions in which they are used.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 24
What happens if a firm fails to earn return at the expected rate?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 24
If a firm fails to earn return at the expected rate, the market value of the shares will fall. This can result in a reduction in the overall wealth of the shareholders.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 25
What is the purpose of a quasi-contract?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 25
The purpose of a quasi-contract is to maintain justice and fairness between the parties involved. It ensures that one party does not enrich themselves at the expense of the other. The law creates this obligation to ensure equity and prevent unjust enrichment.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 26
What is the primary objective of variance analysis in standard costing?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 26
The primary objective of variance analysis in standard costing is to compute the amount of variances and determine the causes behind them. It involves comparing actual costs with standard costs and analyzing the differences. By isolating the causes of variances, management can take appropriate corrective actions and exercise cost control. Variance analysis helps in understanding the efficiency, performance, and deviations from the established standards.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 27
In what cases can a contract be discharged by operation of law?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 27
A contract can be discharged or terminated by operation of law in various cases. Two examples mentioned in the text are merger and death. Merger refers to the coinciding and meeting of an inferior and superior right on one person, resulting in the termination of the inferior right. Death, on the other hand, can discharge a contract if it is of a personal nature. In other cases, the rights and liabilities of the deceased person will pass to their legal representatives.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 28
What does the term "review and reconciliation" involve in the context of purchasing operations?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 28
In the context of purchasing operations, "review and reconciliation" involves comparing supplier invoices to purchase orders, verifying the goods and services received, and ensuring that the charges and quantities align with the documentation. This step helps prevent improper charges, confirm the accuracy of transactions, and maintain control over the purchasing process.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 29
According to the cost classification by time, costs can be classified as historical costs and predetermined costs. What are historical costs?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 29
Historical costs, according to the cost classification by time, are costs that are ascertained and recorded after they have been incurred. These costs are based on recorded facts and can be verified with supporting evidence. Historical costs provide an accurate record of the actual costs incurred in the past. They are useful for analyzing past performance and identifying areas for improvement.
CCI Management Trainee (Accounts) Mock Test - 6 - Question 30
What is the adjustment for inventories in accounting?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 6 - Question 30
The adjustment for inventories in accounting involves matching the cost of goods sold or the cost of purchases with revenue. This ensures that the cost of inventory is accurately reflected in the financial statements and aligns with the accrual concept of accounting.
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