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CCI Management Trainee (Accounts) Mock Test - 4 - Agriculture Exams MCQ


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30 Questions MCQ Test - CCI Management Trainee (Accounts) Mock Test - 4

CCI Management Trainee (Accounts) Mock Test - 4 for Agriculture Exams 2024 is part of Agriculture Exams preparation. The CCI Management Trainee (Accounts) Mock Test - 4 questions and answers have been prepared according to the Agriculture Exams exam syllabus.The CCI Management Trainee (Accounts) Mock Test - 4 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 - 4 below.
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CCI Management Trainee (Accounts) Mock Test - 4 - Question 1

In the following question, out of the four given options, select the one that best expresses the meaning of the idiom/phrase.

Break the bank.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 1
The correct answer is 'To bear a severe loss'.
Key Points
  • The idiom "break the bank" means to lose a large sum of money, especially in gambling or business.
  • It is often used to describe a situation where someone has lost so much money that they are financially ruined.
Therefore, the correct answer is 'Option 2'.
Additional Information
  • Option 1) To further a loss with mockery or indignity is incorrect because it does not accurately describe the meaning of the idiom.
  • Option 3) To be conspicuous about something is incorrect because it does not have a clear relationship with the idiom.
  • Option 4) Win more money than is held by the bank is incorrect because it is the opposite of the meaning of the idiom.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 2

​​Find the synonyms for the given word.

Emperor

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

The correct answer is 'King.' Key Points

  • Let's understand the meaning of the given word:
  • Emperor is a noun and it means a male ruler of an empire. (किसी साम्राज्य का शासक।)
    • Example: He dressed himself up as a Roman emperor.
  • By the meaning and example, we can say that 'King' is a similar word for 'Emperor.'

Hence option 3 is the correct answer. Additional Information

  • Synonyms of the given word Emperor are:
    • Monarch, Prince, Dictator
  • Let's understand the meaning of the given options:
    • King: Ruler of a kingdom (एक राज्य का शासक)
    • Umpire: An official at a sports match or game who enforces the rules (खेल में एक अधिकारी जो नियमों को लागू करता है)
    • Empire: A group of countries under a single authority (साम्राज्य)
    • Philanthropist: Someone who makes charitable donations intended to increase human well-being (कोई व्यक्ति जो मानव कल्याण करता है)
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CCI Management Trainee (Accounts) Mock Test - 4 - Question 3

According to the author, 'work' is:

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 3

The correct answer is "paid and unpaid labour."
Key Points

  • In the provided passage, the author discusses the various types of unpaid labour performed by women that contribute to family resources.
  • This labour, though it doesn't bring a wage, still yields value and, as such, should be considered 'work'.
  • The author calls for the recognition of this unpaid labour as 'work', and criticizes traditional views, as embodied by official measures like the Indian census, which overlooked these contributions because they didn't bring a wage.
  • So, when we say 'work' is "paid and unpaid labour", we're acknowledging the economic value of both the labour that provides a wage and the labour that doesn't but still contributes value to the family or society.
  • This doesn't limit 'work' to traditionally recognized paid employment but includes activities that may not be monetarily compensated yet are crucial for family or societal functioning.
  • This understanding of 'work' aligns with the ideas presented in the passage – the author emphasizes that 'work' is not just about paid employment, but it also involves unpaid labour performed, mostly by women, that augments family resources and contributes to the functioning of households and the broader society.
  • Thus, "paid and unpaid labour", presents an inclusive definition of 'work' that encompasses the diverse range of activities – both paid and unpaid – which generate value.

Therefore, the correct answer is "Option 3".

CCI Management Trainee (Accounts) Mock Test - 4 - Question 4

The Indian census is mentioned:

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

The correct answer is "to point out a flaw."
Key Points

  • The phrase in the passage to focus on is:
    • "However, so naturalized are assumptions about gender roles that the Indian census did not recognize this as 'work' for a long time, since it is not performed for a wage, but is unpaid labour around the family."
  • Here, the author mentions the Indian census in a critical context.
  • The criticism is directed at the way the census has historically defined and recognized 'work'.
  • Specifically, the author highlights that the Indian census did not consider the unpaid work women perform for their families as 'work' because it is not remunerated, i.e., it does not bring a wage.
  • This criticism is brought forth to illustrate a "flaw" or an imperfection in the system - a failure of the census (and perhaps, a larger societal shortcoming) to acknowledge and count the crucial unpaid work done by women.
  • By making this point, the author highlights how deep-rooted societal norms and assumptions about gender roles can tint our understanding of work and productivity, and often lead to the undervaluation of unpaid work, which is mostly done by women.
  • Therefore, the mention of the Indian census is indeed "to point out a flaw" (option 1), a crucial flaw in our socio-economic structures and perceptions when it comes to recognising and valuing unpaid work.

Thus, the correct answer is "Option 1".

CCI Management Trainee (Accounts) Mock Test - 4 - Question 5

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

She was known for her cogent arguments.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 5

The correct answer is: Ineffective.

Key Points

  • The word "cogent" means something that is clear, logical, and convincing. (प्रभावशाली)
    • Example: Her cogent arguments during the debate won her many supporters.
  • "Ineffective" refers to something that does not produce the desired effect or outcome; it is the opposite of being convincing or strong. (अप्रभावी)
    • Example: The ineffective measures taken by the management did not solve the problem.
  • Hence, we can infer that the opposite of 'cogent' is 'ineffective'.

Therefore, the correct answer is: Ineffective.

Additional Information

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

  • Convincing (प्रभावशाली): Capable of causing someone to believe that something is true or real.
    • Example: His convincing story made everyone believe in his innocence.
  • Persuasive (मनाने वाला): Good at persuading someone to do or believe something through reasoning or the use of temptation.
    • Example: She gave a persuasive speech that convinced many people to vote for her.
  • Strong (मजबूत): Having the power to move heavy weights or perform other physically demanding tasks; also, having a forceful and persuasive quality.
    • Example: His strong arguments made a significant impact on the jury.

CCI Management Trainee (Accounts) Mock Test - 4 - Question 6

Directions: In the following items, there are two sentences S1 and S2, based on commonly used words which are underlined. Read the two sentences carefully and mark the response that denotes the correct use of these words in each of the two sentences and mark your response on the Answer Sheet accordingly.

S1: The principal of the school gave a speech.

S2: The main principal of the theory is simplicity.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 6
The correct answer is Option 1 i.e. S1 is right and S2 is wrong.
Key Points
  • The word "principal" in S1 refers to the head of the school, which is correct.
  • In S2, the word "principal" should be "principle" because it refers to a fundamental truth or proposition, which is incorrect in the given context.
Therefore, the correct answer is: S1 is right and S2 is wrong.
Additional Information
  • Option 2: S1 is wrong and S2 is right - Incorrect. S1 correctly uses "principal" as the head of the school, while S2 wrongly uses "principal" instead of "principle."
  • Option 3: Both S1 and S2 are wrong - Incorrect. S1 correctly uses "principal."
  • Option 4: Both S1 and S2 are right - Incorrect. "Principal" in S2 is incorrectly used and should be "principle."
CCI Management Trainee (Accounts) Mock Test - 4 - Question 7

Parts of a sentence are given below in jumbled order. Arrange the parts in the correct order to form a meaningful sentence.

A) honesty of the people

B) a nation is built

C) and their leaders

D) on the hard work and

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 7
The correct answer is 'BDAC'.
Key Points
  • The phrase "a nation is built" acts as the main subject, indicating the foundation of something significant, which implies that it should start the sentence.
    • Hence, 'B' should be the starting segment.
  • The sections "on the hard work and" and "honesty of the people" naturally follow the introduction about the nation's foundation, indicating what the foundation consists of or is supported by.
    • This leads to the placement of 'D' immediately after ‘B’, and 'A' fittingly follows 'D'.
  • Lastly, "and their leaders" adds additional information regarding who else is included in this effort towards building a nation, making 'C' the appropriate segment to end the sentence.
    • This logically concludes that 'C' should be at the end.
  • Therefore, connecting these insights leads to the arrangement BDAC.
Therefore, the correct answer is 'Option 3'.
Complete Sentence: "A nation is built on the hard work and honesty of the people and their leaders."
Additional Information
  • Option 1 (ABCD): This arrangement starts with the phrase regarding honesty, which doesn't logically introduce the foundational aspects of building a nation.
  • Option 2 (DCBA): Starting with the hard work and ending with the concept of a nation being built reverses the logical order of development or foundation.
  • Option 4 (DABC): This sequence mistakenly places the emphasis on the hard work and honesty as the opening, which isn’t structurally or logically suited as an introductory clause in this context.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 8

Select the figure from among the given options that can replace the question mark (?) in the following series.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 8

The logic followed here is:
Logic: The 'dark triangle and the circle' are rotating in a clockwise direction.

Hence, the correct answer is "Option 3".

CCI Management Trainee (Accounts) Mock Test - 4 - Question 9

Read the given instructions carefully and answer the question:
Point B is 7 km to the west of point A.
Point C is 12 km to the south of point E.
Point A is 5 km to the east of point C.
Point D is 8 km to the north of point C.
Point G is 6 km to the west of point D.
Point H is 14 km to the south of point G.
If Shubham is standing 6 km to the east of point H and takes 1 hour to complete 6 km distance then in what possible time he would reach point E, if taken the shortest route?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 9

Given Statements:
1) Point B is 7 km to the west of Point A,
2) Point C is 12 km to the south of point E,
3) Point A is 5 km to the east of Point C,
4) Point D is 8 km to the north of point C,
5) Point G is 6 km to the west of point D,
6) Point H is 14 km to the south of point G,

Now, Shubham turns towards East 6km in 1 hour,


Finally, the total time and distance required to Shubham to point E is:
Distance = 14 + 4 = 18 km,
Time = 6 km = 1 hour = 60 Minutes,
Thus, total time = 60 × 3 = 180 Minutes(3 hours),

Hence, the correct answer is "Option 1".

CCI Management Trainee (Accounts) Mock Test - 4 - Question 10

Eight batsmen A, B, C, D, E, F, G, H batted in an inning for a team and scored different number of runs. G scored more than A, but less than D. A is not the least scorer. H is the highest scorer. B scored more than C, but less than F. D is the 5th highest scorer. C scored more than G.

Who is the least scorer?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 10

Let's create the order using the information given,

1) H is the highest scorer.

2) D is the 5th highest scorer.

H > _ > _ > D > _ > _ > _ > _

3) G scored more than A, but less than D.

4) A is not the least scorer.

H > _ > _ > _ > D > G > A > _

5) B scored more than C, but less than F.

6) C scored more than G.

H > F > B > C > D > G > A > _

So, the final ranking of the batsmen on the basis of their scores is,

H > F > B > C > D > G > A > E

Here, we can see that the least scorer is E.

Hence, the correct answer is " E ".

CCI Management Trainee (Accounts) Mock Test - 4 - Question 11

DIRECTIONS: Select the answer figure in which the question figure is embedded.


Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 11

The answer figure that will complete the pattern in the given question figure is as follows:

Hence, the correct answer is "Option (3)".

CCI Management Trainee (Accounts) Mock Test - 4 - Question 12

In the question below there are two statements numbered I and II Decide whether the facts provided in those statements are sufficient to answer the question? Read both the statements and give your answer.
Question: Seven people Kuna, Kamal, Shiva, Naveen, Tarun, Rajesh and Vijay are standing in a row facing east. Who stands at the extreme right end?
I. Only Kamal is in between Vijay and Kuna. Naveen is to the immediate right of Vijay.
II. Naveen is between Vijay and Shiva. Tarun is standing to the immediate left of Kuna.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 12

According to the given statements:
Statement I. Only Kamal is in between Vijay and Kuna. Naveen is to the immediate right of Vijay.

Statement II. Naveen is between Vijay and Shiva, Tarun is standing to the immediate left of Kuna.

From the above arrangement, there is one vacant place, so we can't sure about the place of Rajesh.
Either Rajesh or Shiva is sitting at the right end.
Hence, "The facts in Statements I and II together are not sufficient to answer the question".

CCI Management Trainee (Accounts) Mock Test - 4 - Question 13

In a school, of the number of students are girls and of the total boys are below the age of six years. of the total number of girls are also below six years of age. If the number of students aged six and above is 300, then find the total number of students in the school.

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 13

Given:
The number of students aged six and above is 300.
Calculation:
Let the total number of students in the school be x.
Then the number of girls =
The number of boys = x - =
The number of boys below six years of age = × =
The number of girls below six years of age = × =
The total number of students below six years of age = +
= =
Total number of students above six years of age = x - =
The number of students aged six and above is 300
So, = 300
⇒ x = 300 × 2 = 600

∴ The total number of students in the school is 600.

CCI Management Trainee (Accounts) Mock Test - 4 - Question 14

A sum of Rs. 900 is divided into two parts such that the interest on the first part at 4% simple interest per annum and that on the other part at 2% simple interest per annum are equal. What is the interest accumulated on each part in a year?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 14

Given:-
Total sum = Rs. 900
Rate % on the 1st part = 4%
Rate% on the 2nd part = 2%
Formula Used:-
S.I = PRT/100
Where,
P = Principal,
R = Rate,
T = Time
Calculation:-
Let the two parts be x and (900 - x)
According to the question
S.I on the 1st part = S.I on the 2nd part
⇒ (x × 4 × 1)/100 = [(900 - x) × 2 × 1]/100
⇒ 4x = 1800 - 2x
⇒ 6x = 1800
⇒ x = 300
So, The interest on each part = 4x/100
⇒ (4 × 300)/100 ⇒ 12
∴ Simple interest on each part is Rs. 12.

CCI Management Trainee (Accounts) Mock Test - 4 - Question 15
A, B and C invest capitals in a business in the ratio 8 ∶ 3 ∶ 9. At the end of every quarter, A halves his capital, whereas B doubles his capital and C leaves his capital as it is. At the end of a year, C's share in the total profit is 9,60,000. What is B's share (in ) in the profit?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 15

Given:

A, B and C invest capitals in a business in the ratio 8 ∶ 3 ∶ 9.

At the end of every quarter, A halves his capital, whereas B doubles his capital and C leaves his capital as it is. At the end of a year, C's share in the total profit is 9,60,000.

Concept used:

Profit is always divided according to the ratio of the investment made.

Calculation:

Let the common ratio be Q.

Hence, the initial investments of A, B, and C are 8Q, 3Q, and 9Q respectively.

During the one year period,

Investment of A = 8Q × 1/4 + 4Q × 1/4 + 2Q × 1/4 + Q × 1/4 = 15Q/4

Investment of B = 3Q × 1/4 + 6Q × 1/4 + 12Q × 1/4 + 24Q × 1/4 = 45Q/4

Investment of C = 9Q

Ratio of their investment

⇒ 15Q/4 : 45Q/4 : 9Q

⇒ 15 : 45 : 36

⇒ 5 : 15 : 12

Hence, the total profit = 9,60,000 ÷ = Rs. 25,60,000

Thus, B's share = 25,60,000 × = Rs. 12,00,000

∴ B's share of the total profit is Rs. 12,00,000.

CCI Management Trainee (Accounts) Mock Test - 4 - Question 16
Two candidates P and Q contested in an election. 70% of the registered voters are P supporters. If 60% of the P supporters and 30% of the Q supporters are expected to vote for candidate P, then what percentage of the registered voters are expected to vote for candidate P?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 16

Given:

Registered voters for P supporters= 70%

60% of the P supporters and 30% of the Q supporters are expected to vote for candidate P.

Concept used:

Let total voters be 1000

Then 700 are P supporters and 300 are Q supporters

Total votes to P

⇒ 60% of 700 + 30% of 300

⇒ 420 + 90

⇒ 510

Percentage of P voters

⇒ 510 × 100/1000

⇒ 51 %

Hence, The Required value is 51%.

CCI Management Trainee (Accounts) Mock Test - 4 - Question 17
The Coromandel Coast receives most of its rainfall in October-November from ________.
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 17

The correct answer is ​North-East Monsoon Winds.

Key Points

  • North-East monsoon enters India from northeast direction and can also be called the winter monsoon.
  • In this type of monsoon, the wind blows from land to sea.
  • Rainfall is experienced in the southern part of India.

Additional Information

  • The period June to September is referred to as the 'Southwest Monsoon' period.
  • Southwest Monsoon period is the principal rainy season for the Indian subcontinent.​​
CCI Management Trainee (Accounts) Mock Test - 4 - Question 18
By what name was the river Chenab known during the Vedic period?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 18

The river Chenab was known during the Vedic period by the name Askini.Key Points

  • The Vedic name of the Chenab river was Askini.
  • The Chenab River is formed by the confluence of the Chandra and Bhaga rivers in the upper Himalayas in the Lahaul and Spiti districts of Himachal Pradesh, India.
  • It is also known as Chandrabhaga.
  • It is a tributary of the Indus River.
  • It flows through the Jammu region of Jammu and Kashmir in the plains of Punjab, Pakistan.
  • The waters of the Chenab are shared by India and Pakistan as per the terms of the Indus Waters Treaty.

Hence we can conclude that the river Chenab was known during the Vedic period by the name Askini.

Additional Information

  • Purushni river:
    • ​The Ravi river was known as the Parushni river in the Vedic period.
    • The famous Dasarajna Yuddha (Battle of the Ten Kings) took place on the banks of this river.
  • Shutudri river:
    • In the Vedic period, the Sutlej river was known as 'Shutudri'.
    • It is a tributary of the Indus River.
    • It originates from Rakastal Lake near Lake Mansarovar in Tibet.
  • Vitasta river:
    • The name of the river Jhelum in the Vedic period was Vitasta.
    • It originates from Verinag in the Anantnag district of Jammu and Kashmir.
    • The battle between Alexander the Great and the Indian king Porus took place on the banks of this river in 326 BC.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 19
Under what circumstances can an individual transfer income without transferring the ownership of the asset?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 19
If an individual transfers income without transferring the ownership of the asset, the income is still taxable in the hands of the transferor. This practice prevents individuals from evading taxes by diverting their income to others while retaining ownership of the asset.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 20

What is the minimum requirement for annual accounts audit in an LLP?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 20

In an LLP, the annual accounts need to be audited only if the turnover of the LLP exceeds Rs. 40 lakh or the contribution of the LLP exceeds Rs. 25 lakh. If the LLP does not meet these thresholds, there is no mandatory requirement for an audit.
Example: If an LLP has a turnover of Rs. 35 lakh and a contribution of Rs. 20 lakh, it is not required to undergo an annual accounts audit. However, if the turnover exceeds Rs. 40 lakh or the contribution exceeds Rs. 25 lakh, the LLP will need to engage a chartered accountant to audit its annual accounts. 

CCI Management Trainee (Accounts) Mock Test - 4 - Question 21
Which type of budget remains unchanged irrespective of the volume of output or turnover attained?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 21
A fixed budget is a budget that remains unchanged irrespective of the volume of output or turnover attained. It does not provide for any changes in expenditure based on changes in activity levels.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 22
Which method of valuing goodwill is based on the future maintainable profits of a firm?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 22
The capitalisation method values goodwill based on the future maintainable profits and the normal rate of return.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 23

What are examples of preventive costs of labour turnover?

Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 23

Examples of preventive costs of labour turnover are costs incurred to keep the workers satisfied and discourage them from leaving the concern. These costs include costs of providing medical services, personnel administration costs, costs of labour welfare activities, and costs incurred for providing pension, provident fund, and retirement schemes.

CCI Management Trainee (Accounts) Mock Test - 4 - Question 24
What are the three basic risks associated with the cost of capital?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 24
The cost of capital is influenced by three important risks: zero risk level, business risk, and financial risk. These risks need to be considered when calculating and measuring the cost of capital.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 25
Which of the following is not covered by the Consumer Protection Act?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 25
Any service or product given free of charge is not covered by the Consumer Protection Act.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 26
Which type of reserve is specifically created for a particular purpose, such as dividend equalization or debenture redemption?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 26
Specific reserves are created for specific purposes, such as dividend equalization reserve or debenture redemption reserve. These reserves are utilized only for their designated purposes.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 27
Under what circumstances can a declared dividend be revoked?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 27
Ordinarily, a declared dividend cannot be revoked. However, with the consent of the shareholders, a declared dividend can be revoked. This is because the declaration of dividend creates a debt to the shareholders, and any change requires their agreement.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 28
What is the minimum threshold for creditors' outstanding debt to raise an objection to a compromise or arrangement?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 28
Creditors holding outstanding debt amounting to not less than five percent of the total outstanding debt can raise objections to a compromise or arrangement.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 29
What is the penalty for default in complying with the provisions of a statutory meeting?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 29
If there is a default in complying with the provisions of a statutory meeting, the directors or officers of the company who are in default may be liable to a fine of up to Rs. 500.
CCI Management Trainee (Accounts) Mock Test - 4 - Question 30
In the operating cycle, what does the Debtors collection stage refer to?
Detailed Solution for CCI Management Trainee (Accounts) Mock Test - 4 - Question 30
The Debtors collection stage of the operating cycle refers to the process of collecting payments from customers who have purchased goods on credit. This stage comes after the production of finished goods and reflects the time taken for customers to settle their outstanding payments.
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