ICSI Mock Test 2 PDF

Section 1 - Business Communication No. of Questions: 35...

Section 1 - Business Communication No. of Questions: 35 Duration in Minutes: 120 C) Computer D) Website 1) Choose the most appropriate meaning of the idiom: A fair weather friend 5) Annuity is: A) A loyal friend A) A program listing items of business to be transacted B) A friend in all times in a meeting C) A friend who cares B) Process by which the correctness of the decision of D) A friend who deserts in difficult times lower court is questioned in higher court C) A fixed sum of money payable for the whole or part of a person’s life under the terms of an insurance policy 2) Arrange the following jumbled sentences in a or will meaningful paragraph: D) A party appealing a decision or judgement to a higher court A. and investment treaties pertaining to crucial resources like B. increasingly essential, such as telecommunications C. a lot of arbitration today is centered on trade 6) The field ‘cc’ in email correspondence is used for agreements recipient who: D. oil, gas, energy, and water as well as services that are A) Are included when recipients are not known A) CBAD B) Are included for information B) DABC C) Need to take action based on the email C) DACB D) None of the above D) CADB 7) Communication must convey all facts required by the 3) Memo is a type of __________. audience shows fulfillment of which Principle of Communication? A) Written communication A) Principle of Clarity B) Audio visual communication B) Principle of Completeness C) Audio communication C) Principle of Concreteness D) Oral communication D) Principle of Courtesy 4) A__________ is a software application that enables one to find, retrieve and display information available on 8) In the following sentence, a part of the sentence may the world wide web. have an error. Find out which part of the sentence has an error. A) Web browser A) No error B) Cursor B) The restaurant was full C) and the waiters were D) hurrying to and from 14) In the process of communication, the idea is ___________ with suitable words, charts or symbols for transmission. 9) A_________ network of communication follows the A) Decoded organizational hierarchy and chain of command. B) Encoded A) Wheel C) Transmitted B) Circuit D) Received C) Chain D) Vertical 15) Give Synonym for the word: Ephemeral A) Huge 10) The financial statement generally prepared at the end of the financial year showing assets, liabilities and net B) Messy worth of an organisation is called: C) Short-lived D) Deadly A) Balance sheet B) Profit and loss account C) Revaluation statement Read the following passage and answer the questions D) Bank account that follow: It was during one of the most dreadful smallpox epidemic in England that Edward Jenner, a country doctor, made a: 11) A __________ helps the reader to find out in the first Discovery which was to alter the course of history. Jenner instance what the contents of the letter are. noticed that the disease seldom struck those who lived in rural areas and worked around cattle. Most farmers and A) Letterhead dairy workers had contracted cowpox and had recovered B) Salutation with nothing more serious than a pustule which left a scar. This observation led Dr: Jenner to think: Why not C) Special markings vaccinate people with cowpox to protect them from D) Subject line smallpox? On May 14, 1876, Dr. Jenner took a healthy boy, James Phillips, to a dairy maid, Sarah Nelmes, who had a cowpox pustule on her hand resulting from an infection from her master's cow. Dr. Jenner made two 12) The specialised or technical words used in specific shallow cuts on James Phillip’s arm and inoculated them fields is called: with matter taken from the cowpox sore. A pustule developed on the boy's arm formed a scab and healed. In A) Jargon July of the same year Dr. Jenner inoculated James with B) Codes matter from a smallpox pustule. During the next two C) Terms weeks, the doctor watched for signs of smallpox. They did not develop. The vaccination was successful. Dr. Jenner D) Intranet wrote a paper explaining his method of vaccination. At first the doctors were hostile and would not listen to a ridiculous procedure. Many people from towns organized 13) A/An __________ is a form of online journal that anti vaccination campaigns. Gradually, however, the allows text, images, video clips and links to websites to be doctors and their patients accepted vaccination. displayed as a webpage and also allows comments to be posted by readers. A) Instant messaging 16) On the onset, other Doctors were hostile towards Dr. B) Email Jenner’s method of vaccination because: C) Blog D) Forum A) It was very expensive B) It was against the medical laws A) Hyphen C) It was life threatening B) Semi colon D) It was a ridiculous procedure C) Full stop D) Comma 17) The fact that Edward Jenner was a country doctor, was important in the discovery of smallpox vaccine, 22) Choose the appropriate article to fill in the blank in the because: sentence given below: A) he had enough time to pursue his research in the rural They put up their tent under __ stars and went to sleep. areas B) he noticed that the disease seldom struck people who A) The worked around the cattle B) No article C) he noticed that the disease was prevalent where C) An people worked around cattle D) A D) he found that he could convince rural people more easily than city people 23) A Business report includes the following elements: 18) Dr. Jenner made his experiment on a healthy boy who: A) Key findings, salutation, body, subject line A) was paid for it B) Executive summary, subject line, conclusion, salutations B) could not be relieved of his mark of pustule C) Subject line, body, complimentary close, conclusion C) died after experimentation D) Executive summary, body, key findings, conclusion D) developed the signs of pustule on his body when he was injected the matter of cowpox 24) Listening is the _____________part of communication. 19) Dr. Jenner was successful as cowpox virus produces: A) Channel A) a mild infection in humans which is enough to produce active immunity B) Receiving B) no infection in humans C) Feedback C) a mild infection in humans which is not enough to D) Delivery produce active immunity D) severe infection in humans resulting in deaths 25) _____________ is a type of communication flow which usually takes place between people of same status/level of hierarchy in the organisation. 20) _____________ is used to disseminate information to a large number of employees within the organization. A) Upward flow A) Memorandum B) Horizontal flow B) Formal letter C) Downward flow C) Office order D) Diagonal flow D) Office circular 26) Emails can be filtered using the______option which prevents the unwanted emails from entering the inbox. 21) A ___________ is used to separate two or more independent clauses that are placed together and which A) Junk mail are of equal importance in the sentence. B) Trash C) Spam D) All of the above B) Shabby C) Sleepy D) Drowsy 27) MIS stand for: A) Management Information status 33) The amount of money left over after accounting for B) Management Information system expenses is known as: C) Monthly Infotainment system D) Management Intelligence system A) Principal B) Interest C) Loss 28) The choice of means and mode of communication D) Profit depends on: A) Nature of message 34) The _________ helps the company to communicate B) All of the above within the organisation. C) Distance involved D) Organisation size and policy A) Intranet B) Internet C) Instant messaging 29) Complete the following sentence: D) SMS The reward was not commensurate ___________ the work done by us. 35) Choose the correct spelling: A) order A) Abcense B) for B) Abcance C) with C) Absance D) on D) Absence 30) The phrase ab initio means: A) From the beginning B) From the end C) Forever D) From the origin 31) Give Antonym for the word: Extravagant A) Broad B) Lavish C) Economical D) Inaccurate 32) Which one of the following is the odd word out? A) Slumber  Section 2 - Legal Aptitude and Logical Reasoning No. of Questions: 35 Duration in Minutes: 120 40) Choose the word which is not similar to the other words in the group. 36) A correct clock shows 9 o'clock in the morning. Through how many degrees will the hour hand rotate A) Dashboard when the clock shows 3 o'clock in the afternoon? B) Dock C) Fender A) 160° D) Bonnet B) 150° C) 144° D) 180° 41) 37) A) Image 1 B) Image 2 A) Image 4 C) Image 4 B) Image 3 D) Image 3 C) Image 2 D) Image 1 42) UV, QR, MN, IJ __________? What is next in the series 38) Under which of the following articles of constitution of India, president can impose presidential rule in a state? A) EF B) AC A) Article 355 C) GK B) Article 352 D) DC C) Article 356 D) Article 360 43) In the following question, choose the correct code form. If ANY = 40, MANY = 53 then MANIAC = ? 39) Every promise and every set of promises forming the consideration for each other is called______ A) 43 B) 44 A) An offer C) 41 B) None of above D) 42 C) A proposal D) An agreement 44) What does Article 17 of Indian Constitution Say? A) The practice of untouchability is forbidden A) Neither I nor II follows. B) All of the above B) Only Conclusion II follows. C) Untouchability is abolished C) Both I and II follows. D) Practice untouchability is an offence D) Only Conclusion I follows. 45) If the day before yesterday was Thursday, when will 50) The Calendar for the year 2005 is the same as for the Sunday be? year A) Tomorrow A) 2010 B) Today B) 2009 C) Two Days after today C) 2011 D) Day after Tomorrow D) 2012 46) The Tenth Schedule of Indian Constitution was added 51) Who has the authority to decide the remuneration of via _______ the first auditors? A) 24th Amendment Act A) The Central Government B) 61st Amendment Act B) The board C) 85th Amendment Act C) The auditors themselves D) 52nd Amendment Act D) The members at the general meeting 47) In order to convert a proposal into a promise the 52) Which of the following is always associated with acceptance must be_______ ‘Justice’? A) Conditional A) Diminutiveness B) None of above B) Hypocrisy C) Unconditional C) Magnaminity D) Absolute D) Legitimate 48) If ACID is written as 1C3D, PAMPER is written as P1MP2R, then how will BOMBAY be written? A) B4MB2Y 53) An agreement not enforceable by law is called______ B) B5MB2Y C) B4MB1Y A) Valid agreement D) B3MB1Y B) None of above C) Void agreement D) Voidable agreement 49) Statement: Some Pearls are Jewels. Some Jewels are ornaments 54) If, in a language, ‘one’ is called ‘two’, ‘two’ is called Conclusion: ‘three’, ‘three’ is called ‘four’, ‘four’ is called ‘five’ and ‘five’ I – Some Jewels are pearls is called ‘six’. Then what is the square of number 2? II – Some Ornaments are Jewels A) Five B) Four C) Six 60) What is meant by the term 'actionable per se'? D) Three A) Actionable at the instance of the injured party only B) Actionable only in the civil courts 55) Which of the following is not an objective of the law of C) A tort of strict liability tort? D) Actionable without proof of damage A) Imposition of moral blame B) Corrective justice 61) When one person signifies to another his willingness C) Deterrence to do or to abstain from doing anything with a view to D) Compensation obtaining the assent of that other person to such act or abstinence he is said to make a_______ A) Proposal 56) What is the primary function of the law of tort? B) None of these C) Promise A) The spreading of losses throughout society D) Both (A) and (B) B) Compensating the claimant C) The punishment of a wrongdoer D) The clarification of the human rights of parties 62) What is the maximum number of members in a private company, as per new Companies Act, 2013? 57) An agreement enforceable by law is called______ A) 50 B) 200 A) An agreement C) 250 B) Contract D) 100 C) Both (A) and (B) D) None of above 63) The essential characteristics of a company are: 58) The law of contract is different from the law of tort in A) It is a separate legal entity which way? B) It has a common seal C) All of the Above A) Contracts are always written D) It has a perpetual succession B) It generally concerns a relationship between two parties only C) Tort is made up predominantly of statute law D) It is actionable in both the civil and criminal courts 64) Pointing towards a girl, Amit said, “She is the daughter of only son of my grandfather”. How is the Amit related to the girl? 59) Ram went to shopping nine days ago. He goes to A) Father shopping only on Thursday. What day of the week is B) Uncle today? C) Brother A) Tuesday D) Cousin B) Saturday C) Thursday D) Sunday 65) A Money Bill passed by the Lok Sabha is deemed to have been passed by the Rajya Sabha also when no action is taken by the Upper House within A) 10 days B) 14 days C) 30 days D) 20 days 66) If ‘dog’ is called ‘lion’, ‘lion’ is called ‘bison’, ‘bison’ is called ‘snake’, ‘snake’ is called ‘mongoose’, ‘mongoose’ is called ‘crocodile’, then which one is reared as pet? A) Snake B) Bison C) Mongoose D) Lion 67) What is next in the series - 1, 4, 8, 13, __________, 26 A) 15 B) 20 C) 21 D) 19 68) Aruna ranked twelfth in a class of forty six. What will be her rank from the last? A) 37 B) 35 C) 34 D) 33 69) Which of the following interests is not protected by the law of tort? A) Physical safety B) Loss of commercial profit due to competition C) Reputation D) Peaceful enjoyment of one's land 70) Who is known as the sculptor of the constitution of India? A) V.V. Giri B) Rajendra Prasad C) Dr. S. Radhakrishnan D) B.R. Ambedkar  Section 3 - Economic and Business Environment No. of Questions: 35 Duration in Minutes: 120 75) __________ is the responsiveness of quantity demanded of a commodity to changes in one of the 71) "The Products in the market are homogeneous, i.e. variables on which demand depends. they are completely identical", is an assumption under which of the following forms of market competition? A) Elasticity of Supply B) Elasticity of Demand A) Oligopoly C) Elasticity of Storage B) Monopolistic Competition D) Elasticity of Production C) Perfect Competition D) Duoploy 76) What is the formula to compute Operating Surplus? 72) Which of the following is not covered under the A) Gross Value added at Factor Cost - Compensation of classificaiton of banks in India? Employees – Depreciation B) Gross Value Added at Factor Cost + Compensation A) Commercial Banks of Employees + Depreciation B) Indigineous Money Lenders C) Gross Value Added at Market Price - Compensation C) Small Finance Banks of Employees D) Payment Banks D) Gross Value Added at Factor Cost - Compensation of Employees + Depreciation 73) The ___________ refers to the amount of a good producers are willing to supply when receiving a certain 77) ________ is an index of price changes of goods and price services included in GDP. A) GDP Deflator B) GDP Inflator A) Quantity Procured C) GDP Multiplier B) Quantity Stored D) GDP Accelerator C) Quantity Produced D) Quantity Supplied 78) Which of the following is not a bottleneck in entrepreneurial growth? 74) __________ is expenditure incurred on by business firms on a) new plants, b)adding to the stock of inventories A) A small or non existent network and c) on newly constructed houses B) Proper Planning C) Lack of Money A) Investment expenditure D) Too much noise B) None of the above C) Consumption expenditure D) Net exports 79) Which of the following is not covered under types of elasticity of demand? A) Price elasticity of demand D) National Hygiene Promotion Scheme B) Income elasticity of demand C) Cross elasticity of demand D) Production elasticity of demand 85) ________ gives power to the government to withdraw funds from the Consolidated Fund of India for meeting expenditure during the financial year. 80) _______ of the Indian Constitution requires the A) Finance Bill government to present to Parliament a statement of estimated receipts and expenditure in respect of every B) Constitutional Amendment Bill financial year. C) None of the above D) Appropriation Bill A) Article 110 B) Article 80 C) Article 90 86) In World Bank's Doing Business Report, 2019, D) Article 112 India secured ______ A) 120th rank 81) When a small change in price of a product causes a B) 90th rank major change in its demand, it is said to be C) 60th rank _____________ D) 77th rank A) Relatively Elastic Demand B) Perfectly Inelastic Demand 87) __________ account for flows of those transactions C) Relatively Inelastic Demand where the government is merely acting as a banker D) Perfectly Elastic Demand A) Consolidated Fund B) Contingency Fund 82) The first Indian Union Budget was presented C) None of the above by________ D) Public Account A) Mr.Dalhousie B) Mr.James Wilson C) Mr.Fedrick Taylor D) Mr.Henry Fayol 88) The Problem of Double Counting may arise in which of the following methods of calculating national income? 83) No change in fashion is assumption of which law of economics? A) Income Method B) Expenditure Method A) Law of Diminishing Marginal Utility C) Product Method B) Law of Demand D) Profit Method C) Law of Supply D) Law of Variable Proportions 89) The formula to compute price elasticity of demand is: 84) _______was launched under Ayushman Bharat in A) Percentage Change in Quantity Demanded x September 2018 Percentage Change in Price B) Percentage Change in Quantity Demanded - A) National Health Protection Scheme Percentage Change in Price B) National Health Promotion Scheme C) Percentage Change in Quantity Demanded / C) National Health Performance Scheme Percentage Change in Price D) Percentage Change in Quantity Demanded + B) Securities and Earnings Board of India Percentage Change in Price C) Serious Fraud Investigation Office D) Competition Commission of India 90) The primary objective of _______ was to meet the challenge of skilling at scale with speed, standard and 95) Which of the following is not covered under Income sustainability Method of computing Gross National Product? A) National Policy for Skill Development and Earning A) Interest Capacity B) Wages and salaries B) National Policy for Skill Determination and Entrepreneurship C) Private consumption expenditure C) New Policy for Skill Development and Earning D) Rents Capacity D) National Policy for Skill Development and Entrepreneurship 96) If the demand for a commodity rises more than in proportion to rise in income then the income elasticity of demand will be__________ 91) National Company Law Tribunal has been constituted under ___________ A) None of the above B) Unity A) Competition Act, 2002 C) Greater than unity B) Companies Act, 1956 D) Greater than zero but less than one C) Indian Contract Act,1872 D) Companies Act, 2013 97) The formula to compute GDP at Factor Cost is: 92) "Business environment is the aggregate of all A) GDP at Factor Cost - Indirect Taxes - Subsidies conditions, events and influence that surrounds and affect B) GDP at Market Price - Indirect Taxes it". Who gave this definition of business environment? C) GDP at Market Price- Indirect Taxes + Subsidies D) GDP at Factor Cost + Indirect Taxes – Subsidies A) Harold Koontz B) Keith Davis C) Henry Fayol 98) _______ is the total measure of the flow of goods and D) Fedrick W Taylor services at market value resulting from current production during a year in a country, including net income from abroad 93) In 2007, the Government of India launched the___________ initiative to improve the country's overall A) Net Domestic Product crop production, especially that of rice, wheat and pulses. B) Gross Domestic Product C) None of the above A) National Food Storage Mission D) Gross National Product B) National Food Social Mission C) National Food Soaring Mission D) National Food Security Mission 99) Giffen Goods are named after which of the following persons? 94) ___________ is a statutory regulatory body entrusted A) Sir John Giffen with the responsibility to regulate the Indian capital B) Sir Robert Giffen markets. C) Sir Thomas Giffen D) Sir Albert Giffen A) Securities and Exchange Board of India  D) Expenditure Method 100) Which of the following is not the component of calculating national income through expenditure method? 105) The _______ is the response of the quantity demanded to change in price of the commodity A) Government expenditure B) Production for self consumption A) Price Elasticity of Demand C) Investment expenditure B) Income Elasticity of Demand D) Consumption expenditure C) Cross Elasticity of Demand D) Price Elasticity of Supply 101) The responsiveness of demand to changes in prices of related commodities is called________ A) Price elasticity of demand B) Cross elasticity of demand C) Income elasticity of demand D) Production elasticity of demand 102) The______ states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase and vice-versa A) Law of Supply B) Law of Increasing Returns to Scale C) Law of Diminishing Marginal Utility D) Law of Demand 103) "Windfall gains such as prizes won, lotteries etc. is not to be included in the estimation of national income", is a precaution suggested under which of the following methods of computing national income? A) Expenditure Method B) Profit Method C) Income Method D) Product Method 104) "The expenditure on second hand goods should not be included as they do not contribute to the current year's production of goods", is a precaution suggested under which of the following methods of computing national income? A) Profit Method B) Product Method C) Income Method  Section 4 - Current Affairs No. of Questions: 15 Duration in Minutes: 120 B) A.K. Antony C) Rajnath Singh 106) Who is present union cabinet Minister of Corporate D) Manohar Parrikar Affairs? A) Nitin Jairam Gadkari 111) Recently, Supreme Court approved the separate B) Nirmala Sitharaman High Court for which of the following States? C) Piyush Goyal D) Amit Shah A) Kerala B) Odisha C) Andhra Pradesh 107) Name the first ever simulated space war exercise D) West Bengal conducted by three armed forces of India (Army, Navy, and Air Force) in 2019. A) IndSpaceEx 112) Which is the first state in India to manufacture electric cars? B) ArmedSpaceEx C) SpaceExer A) Maharashtra D) SpaceEx B) Tamil Nadu C) Uttar Pradesh D) Gujarat 108) Who is appointed as the Chief Economist of the International Monetary Fund (IMF)? A) Maurice Obstfeld B) Christine Lagarde C) Mahesh Rathore 113) In which city, Hon’ble Prime Minister Narendra Modi D) Gita Gopinath led fifth International Yoga Day 2019? A) Lucknow 109) Sanjeev Rajput and Yashaswini Singh Deswal were B) Ranchi associated with which sport? C) Jaipur D) Varanasi A) Shooting B) Football C) Tennis 114) Who is the current chairperson of Competition D) Badminton Commission of India? A) Dr.Sangeeta Verma 110) Name the defence minister of India, who is the first B) Ashok Kumar Gupta to visit Mozambique? C) Sudhir Mittal D) Ashok Chawla A) Nirmala Sitharaman  120) Heads of member countries of which organization were invited to the swearing–in ceremony of India’s PM in 115) What is the percentage of reservation quota 2019? approved by Union Cabinet for the economically weaker sections in the general category? A) ASEAN B) BIMSTEC A) 10% C) UNO B) 20% D) SAARC C) 15% D) 25% 116) What is the name of the rover of Chandrayaan 2 mission? A) Virat B) Drona C) Pragyan D) Vikram 117) Which bank becomes the first lender to impose charges on UPI transactions, namely, Paytm, Google Pay, PhonePe? A) Lakshmi Vilas Bank B) City Union Bank C) Kotak Mahindra Bank D) ICICI Bank 118) Which company topped the “Fortune Global 500 list 2019? A) Royal Dutch Shell B) Volkswagen C) Walmart D) Saudi Aramco 119) Name the Indian Politician who was honoured with UAE’s highest civilian award “Zayed Medal” in 2019. A) Sushma Swaraj B) Rajnath Singh C) Narendra Modi D) Ram Nath Kovind  Answer Key 1. D 31. C 61. A 91. D 2. D 32. B 62. B 92. B 3. A 33. D 63. C 93. D 4. A 34. A 64. C 94. A 5. C 35. D 65. B 95. C 6. B 36. D 66. D 96. C 7. B 37. B 67. D 97. C 8. D 38. C 68. B 98. D 9. C 39. D 69. B 99. B 10. A 40. B 70. D 100. B 11. D 41. A 71. C 101. B 12. A 42. A 72. B 102. A 13. C 43. C 73. D 103. C 14. B 44. B 74. A 104. D 15. C 45. A 75. B 105. A 16. D 46. D 76. A 106. B 17. B 47. D 77. A 107. A 18. D 48. C 78. B 108. D 19. A 49. C 79. D 109. A 20. D 50. C 80. D 110. C 21. B 51. B 81. D 111. C 22. A 52. D 82. B 112. B 23. D 53. C 83. B 113. B 24. B 54. A 84. A 114. B 25. B 55. A 85. D 115. A 26. C 56. B 86. D 116. C 27. B 57. B 87. D 117. C 28. B 58. B 88. C 118. C 29. C 59. B 89. C 119. C 30. A 60. D 90. D 120. B