Business Economics and Management Quiz
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Questions and Answers

What does the Institute of Cost Accountants of India regulate?

  • Chartered Accountancy profession
  • Medical profession
  • Legal profession
  • Cost and Management Accountancy profession (correct)

What year was the Institute of Cost Accountants of India set up?

  • 1965
  • 1972
  • 1980
  • 1959 (correct)

What is the vision pursued by the Institute of Cost Accountants of India?

  • Profit maximization at any cost
  • Minimal focus on cost management
  • Cost competitiveness, cost management, efficient use of resources, and structured approach to cost accounting (correct)
  • Resource wastage and inefficient cost accounting

What does the Institute of Cost Accountants of India provide to students as a part of its obligation?

<p>Coaching facilities (A)</p> Signup and view all the answers

What specialized knowledge are the professionals associated with the Institute known for?

<p>Evaluating operating efficiency and strategic management (A)</p> Signup and view all the answers

What is the vision pursued by the Institute of Cost Accountants of India?

<p>Cost competitiveness, cost management, efficient use of resources, and structured approach to cost accounting (C)</p> Signup and view all the answers

In which year was the Institute of Cost Accountants of India established?

<p>1959 (D)</p> Signup and view all the answers

What is the primary responsibility of the Institute of Cost Accountants of India?

<p>Regulating the profession of Cost and Management Accountancy (B)</p> Signup and view all the answers

What does the Institute provide to students as part of its obligations?

<p>Coaching facilities (A)</p> Signup and view all the answers

What specialized knowledge do the professionals associated with the Institute possess?

<p>Evaluating operating efficiency and strategic management (C)</p> Signup and view all the answers

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