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Agriculture Exams Exam  >  Agriculture Exams Tests  >  CCI Management Trainee (Accounts) Mock Test - 3 - Agriculture Exams MCQ

CCI Management Trainee (Accounts) Mock Test - 3 - Agriculture Exams MCQ


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30 Questions MCQ Test - CCI Management Trainee (Accounts) Mock Test - 3

CCI Management Trainee (Accounts) Mock Test - 3 for Agriculture Exams 2024 is part of Agriculture Exams preparation. The CCI Management Trainee (Accounts) Mock Test - 3 questions and answers have been prepared according to the Agriculture Exams exam syllabus.The CCI Management Trainee (Accounts) Mock Test - 3 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 - 3 below.
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CCI Management Trainee (Accounts) Mock Test - 3 - Question 1
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Directions: Item in this section has a sentence with three underlined parts labelled (a), (b) and (c). Read sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter, i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

Smart phone age has lead (a)/ to substantial deterioration (b)/ in both duration and quality of sleep. (c)/ No error (d)

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 1

The correct answer is 'Option 1' i.e. 'Smart phone age has lead'.

Key Points

  • The part of the given sentence that has an error is: 2) Smart phone age has lead
  • The correct form of the verb in this sentence should be "has led" instead of "has lead."
  • The verb "lead" is an irregular verb, and its past participle form is "led" (pronounced like "leed").
  • Therefore, in the present perfect tense, we use "has led" as the correct form.

Therefore, the correct sentence is: 'Smart phone age has led'.

CCI Management Trainee (Accounts) Mock Test - 3 - Question 2
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Select the most appropriate antonym of the given word.
Damp

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

The correct answer is 'Dry'.
Key Points

  • Damp means slightly wet. (नम)
    • Example Sentence: I've just washed my hair and it's still damp.
  • ​Dry means to be free from moisture or liquid; not wet or moist. (सूखा, शुष्क)
    • ​Example Sentence: The jacket kept me warm and dry.​
  • Based on the points above, it is clear that the correct antonym is 'Dry'.
  • Therefore, the correct answer is Option 3.

​Additional Information

  • Moist: Slightly or moderately wet. (आर्द्र)
  • Humid: Marked by a relatively high level of water vapour in the atmosphere. (नमी)
  • Dewy: Moist with, affected by, or suggestive of dew. (ओस से पूर्ण)
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CCI Management Trainee (Accounts) Mock Test - 3 - Question 3
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Select the option that expresses the given sentence in active voice.

The guitar may be bought by me.

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

The correct answer is 'I may buy the guitar.'

Key Points

  • The given sentence is an example of Passive Voice. As per the given question we have to change it into Active Voice.
  • The process of transformation is as follows:
    • The subject of the given sentence is 'The guitar'.
    • The object of the given sentence is 'me'.
    • Since modal verb has been used in the passive voice, therefore, the active voice will follow the given structure:-
      • Active Voice - modal verb(will) + V1
      • Passive Voice - modal verb(will) + be + V3
    • Here, 'may be bought' is changed into 'may buy' because in 'passive to active' transformation first form of the verb is used.
      ​

Correct Sentence: I may buy the guitar.

CCI Management Trainee (Accounts) Mock Test - 3 - Question 4
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Direction: In the following questions, the symbols $, %, *, & and ! are used with the following meaning as illustrated below:

‘P # T’ means ‘P is neither greater than nor equal to T’.

‘P ! T’ means ‘P is neither smaller than nor greater than T’.

‘P & T’ means ‘P is not greater than T’.

‘P % T’ means ‘P is greater than T’.

‘P @ T’ means ‘P is either greater than or equal to T’.

Now in each of the following questions assuming the given statements to be True, find which of the conclusion/s given below them is/are definitely True?

Statements : K % U ! J @ T & P

Conclusions:

I. T & U

II. P # U

III. K % J
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 4

According to the given information,

Statement: K % U ! J @ T & P

On converting: K > U = J ≥ T ≤ P

I. T & U → T ≤ U → True (as U = J ≥ T → T ≤ U )

II. P # U → P < U → False (as U = J ≥ T ≤ P → Relation between P and U can’t be determined)

III. K % J → K > J → True (as K > U = J → K > J )

Hence, "Both Conclusions I and III are True" is the correct answer..

CCI Management Trainee (Accounts) Mock Test - 3 - Question 5
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Select the option that represents the letters that, when placed from left to right in the blanks below, will complete the letter series.

_ A _ D _ A D A A _ A A D _ A
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 5

Checking options one by one:

1) D A A / D D A / D A A / A A A / D A A → doesn't follow any pattern

2) D A A / D A A / D A A / D A A / D A A → follows a pattern (D A A)

3) A A D / D A A / D A A / A A A / D D A → doesn't follow any pattern

4) A A D / D D A / D A A / A A A / D D A → doesn't follow any pattern

Hence, the correct answer is "D A A D A".

CCI Management Trainee (Accounts) Mock Test - 3 - Question 6
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The question below consists of two statements labelled I and II. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give your answer.
Question: What is the minimum distance between the points F and C?
I. Point C is 7 km to the North of point D, which is 8 km to the West of E.
II. Point G is 6 km to the West of point F, which is 5 km to the South of E.
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 6

According to the given information:
Considering statement I:
I. Point C is 7 km to the North of point D, which is 8 km to the West of E.

Here, the minimum distance between the points F and C cannot be determined as no information is given about F.
Therefore, the information given in statement I alone is not sufficient to answer.
Considering statement II:
II. Point G is 6 km to the West of point F, which is 5 km to the South of E.

Here, the minimum distance between the points F and C cannot be determined as no information is given about C.
Therefore, the information given in statement II alone is not sufficient to answer.
Combining statement I and II:
I. Point C is 7 km to the North of point D, which is 8 km to the West of E.
II. Point G is 6 km to the West of point F, which is 5 km to the South of E.

Here, the minimum distance between the points F and C can be determined as no information is given about C.
Applying Pythagoras theorem:
CF2 = (Vertical distance between C and F)2 + (Horizontal distance between C and F)2
CF2 = (7 + 5)2 + (8)2
CF2 = (12)2 + (8)2
CF2 = (144)+ (64) = 208
CF = √208 km
Hence, the correct answer is "The information given in statements I and II together is sufficient to answer this question".

CCI Management Trainee (Accounts) Mock Test - 3 - Question 7
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What will come in the place of the question mark (?) in the following equation, if ‘+’ and ‘−’ are interchanged and ‘×’ and ‘÷’ are interchanged?
20 − 2 ÷ 4 × 2 + 6 =?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 7

BODMAS Table:


Given equation: 20 - 2 ÷ 4 × 2 + 6 = ?
Now, if ‘+’ and ‘-‘ and ‘×' and '÷’ are interchanged, then:
⇒ 20 + 2 × 4 ÷ 2 - 6 = ?
⇒ 20 + 8 ÷ 2 - 6 = ?
⇒ 20 + 4 - 6 = ?
⇒ 24 - 6 = 18.

Hence, the correct answer is "Option 1".

CCI Management Trainee (Accounts) Mock Test - 3 - Question 8
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In a certain code language, ‘CHORAL' is coded as ‘OHCLAR’ and 'FOREGO' is coded as ‘ROFOGE'. What is the code for 'GALLEY' in the given code language?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 8


Logic : First three letters and last three letters are written diagonally respectively.
So,

  • ‘CHORAL' is coded as ‘OHCLAR’

And,

  • 'FOREGO' is coded as ‘ROFOGE'

Similarly,

  • 'GALLEY' is coded as:


Hence, "LAGYEL" is the correct answer.

CCI Management Trainee (Accounts) Mock Test - 3 - Question 9
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How many triangles are there in the given figure ?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 9

The number of triangles in the given figure is:

Here, the number of triangles is '6'.
Hence, the correct answer is "Option (2)".

CCI Management Trainee (Accounts) Mock Test - 3 - Question 10
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A man can row 7.5 km/h in still water. If the speed of the current is 2.5 km/h, it takes 3 hours more upstream than downstream for the same distance. The distance is:
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 10

Given:
Speed of a man rowing = 7.5 km/h
Speed of the current = 2.5 km/h
Formula used:
Upstream = Speed of the boat - Speed of the current
Downstream = Speed of the boat + Speed of the current
Distance = Speed × Time
Calculation:
let D be the distance
Upstream = Speed of the boat - Speed of the current
Upstream = 5 Km/h
Downstream = Speed of the boat + Speed of the current
Downstream = 10 Km/h
According to the question,
− = 3 hours
− = 3​​
= 3​
D = 30 Km

Answer is 30 Km

CCI Management Trainee (Accounts) Mock Test - 3 - Question 11
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20 students of a college went to a hotel. 19 of them spent Rs. 175 each on their meal and the 20th student spent Rs. 19 more than the average of all the 20. Find the total money spent by them.
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 11

Given:

Total students = 20

19 students spent = 175 each

Formula used:

Average cost = Total cost/total number of person

Calculation:

Let the 20th student spend = X

According to the question:

⇒ (19 × 175 + X)/20 = X - 19

⇒ (3325 + X) = 20 × (X - 19)

⇒ 3325 + X = 20X - 380

⇒ 19X = 3325 + 380 = 3705

⇒ X = 3705/19 = Rs.195

Total money spent at hotel = (19 × 175) + 195

⇒ 3325 + 195 = Rs.3520

∴ The correct answer is Rs.3520.

Alternate Method

Total Student = 20

Let Avg spend by 20 students = y

Total spend = 20y

⇒ 20y = 19 × 175 + (y + 19)

⇒ 19y = 3344

⇒ y = 176

Total spend = 20 × 176

∴ Total money spent by them is Rs. 3520

CCI Management Trainee (Accounts) Mock Test - 3 - Question 12
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Who was the leader of the Chittagong armory raid organized during India's freedom struggle in 1930?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 12

The correct answer is Surya Sen.Key PointsChittagong Armory Raid

  • The raid happen on 18 April 1930.
  • The Indian revolutionaries like Ganesh Ghosh, Lokenath Bal, Nirmal Sen, Ambika Chakraborty, Naresh Roy, Sasanka Dutta, Ardhendu Hari Gopal Bal Tarakeswar Dastidar, Anantha Singh, Jiban Ghoshal, Anand Gupta, Pritilata Waddedar, and Kalpana Dutta led by Surya Sen decided to read the army of police and auxiliary forces from the Chittagong armory in the Bengal presidency.
  • The revolutionaries also decided to demolish the telegraph and telephone office and the railway track between Chittagong and Kolkata was cut.
  • The plane included the robbery at the Imperial Bank and the taking hostage of members of the European club.
  • The raid took place under the banner of the Indian Republican army Chittagong branch.
  • The national flag was hoisted and Surya Sen took the military salute and a professional revolutionaries government was announced.
  • Surya Sen and Tarakeswar Dastidar were found guilty and hanged in the year of 1934.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 13
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The MITRA scheme was first announced in the Union Budget for 2021-22 to set up world-class infrastructure in which sector?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 13

The correct answer is Textile industry.Key Points

  • The "MITRA" scheme was first announced in the Union Budget for 2021-22 by Finance Minister Nirmala Sitharaman focusing on the Textile sector.
  • MITRA stands for "Mega Investment Textiles Parks".
  • The scheme aims to establish world-class infrastructure in the textile industry to create employment opportunities and increase export potential.
  • The goal is to set up seven textile parks over three years, leading to a globally competitive industry equipped with cutting-edge technology and infrastructure.
  • These textiles parks will have integrated facilities and will be set up on a partnership basis between the central government, state governments, and the industry.
    • They will also include facilities for design development, testing, research & development, and warehousing.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 14
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Under which section of the CGST Act, 2017, is the time of supply for goods determined?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 14
The time of supply for goods is determined under Section 12 of the CGST Act, 2017.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 15
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When can a person become a member of a company by estoppel?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 15
A person can become a member of a company by estoppel if they hold shares and allow their name to be retained on the register of members. Even if their entry on the register is improper, they cannot later deny their membership.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 16
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What is the primary purpose of working capital in a business concern?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 16
Working capital is primarily concerned with managing short-term finances to maintain liquidity and meet day-to-day operational requirements, including payment of creditors, salaries, and purchase of raw materials. It's an essential component that ensures the smooth functioning of a business.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 17
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What is the purpose of cost of capital in investment decision-making?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 17
The cost of capital is used to measure the worth of investment proposals provided by the business concern. It helps in determining the value and earning capacity of the firm.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 18
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What does a high labour turnover indicate?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 18
A high labour turnover indicates a lack of flexibility in the organization. It may suggest that the organization is not able to retain its employees due to various reasons such as dissatisfaction with job conditions, remuneration, and working environment. This could lead to increased costs and reduced productivity.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 19
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Which of the following can be copyrighted?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 19
Copyright is used to protect literary, dramatic, musical, and artistic works, including cinematograph films and sound recordings. It does not protect brands, names, slogans, methods, or concepts. Therefore, literary and artistic creations are covered under copyright protection.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 20
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According to the definitions provided in the text, what is the primary objective of capital budgeting?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 20
According to the definitions in the text, the primary objective of capital budgeting is to carefully plan and analyze projects to maximize long-term profitability. It involves making investment decisions for the long term, considering the financial resources of the firm and the expected future streams of earnings from a project. This helps in avoiding over or underinvestment, which can significantly impact a company's profit.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 21
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What is the purpose of certification of transfer of shares?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 21
Certification of transfer of shares is done to indicate that the certificate of shares has been lodged with the company. It serves as a representation by the company that the document evidencing the transferor's title has been presented.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 22
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What does "significant influence" mean in the context of associate companies for a general insurance company?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 22
In the context of associate companies for a general insurance company, "significant influence" refers to participating in the policy-making process and having a say in the financial and operating policy decisions of the associate company. It's a level of influence below control but still notable.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 23
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Why do trade unions oppose the piece-rate system?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 23

Trade unions often oppose the piece-rate system because it encourages rivalry among workers. Since wages are directly linked to output, workers may compete with each other to increase their production and earn higher wages. This can lead to a sense of disharmony and disunity among the workers.

CCI Management Trainee (Accounts) Mock Test - 3 - Question 24
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Which method is used to calculate depreciation under the Compound Interest Method?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 24
The Compound Interest Method of depreciation involves setting aside an annual contribution that accumulates at compound interest until an amount equal to 90% of the original cost is reached.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 25
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What is the purpose of the Alternate Minimum Tax (AMT) in India?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 25
One of the purposes of AMT in India is to reduce the demand for luxury goods like gold, which in turn helps in preserving the value of the Indian rupee.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 26
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What legal requirement might lead to the formation of a subsidiary company?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 26
Sometimes, the formation of a subsidiary company is a legal requirement. This implies that certain laws or regulations may mandate the creation of subsidiary companies under specific circumstances.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 27
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What is the primary purpose of Regularity Audit (Compliance)?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 27
Regularity Audit (Compliance) ensures that expenditures are in accordance with laws, rules, and regulations. It examines whether the money spent was authorized and whether the expenditure followed the proper procedures.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 28
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What term refers to the time between the acquisition of assets for processing and their realization in cash or cash equivalents?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 28
The time between the acquisition of assets for processing and their realization in cash or cash equivalents is known as the operating cycle. It represents the time it takes for a company to convert its resources into cash through its operational activities.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 29
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What is the advantage of process costing?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 29
Process costing offers several advantages. It is easy to compute average cost because the products being produced are homogeneous. This simplifies the calculations involved in determining the cost per unit at each process. It also allows for the ascertainment of process costs at short intervals, providing up-to-date information on costs and performance. Additionally, process costing provides effective managerial control by evaluating the performance of each process, enabling managers to make informed decisions and improvements.
CCI Management Trainee (Accounts) Mock Test - 3 - Question 30
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How should preventive costs and replacement costs of labour turnover be treated?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 3 - Question 30
Preventive costs of labour turnover should be treated as overhead expenses and apportioned to departments based on the number of persons employed in each department. Replacement costs may arise either due to faults of departments or faulty management policy. In the case of faults of departments, the cost is charged as overhead to the concerned department. In the case of faulty management policy, the overhead cost is apportioned to different departments based on the number of persons employed in each department.
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