CACSMockTest

Question 1.Evaluate the efficacy of the Essential Commodities Act, 1955 in controlling the production, supply and distribution of essential commodities in the country. [June 2010 (5 Marks)]Answer:1. Protection of Consumer: The Essential Commodities Act, 1955 was enacted to ensure easy availability of essential commodities to the consumers and to protect them from exploitation by unscrupulous […]

Question 1.What is meant by the International Organization of Legal Metrology OIML Certificate System for measuring instruments? [Dec 2013 (3 Marks)]Answer:The OIML certificate system for measuring instruments was introduced in 1991 to facilitate administrative procedures and lower the costs associated with the international trade of measuring instruments subject to legal requirements. Once a member state

Question 1.Distinguish between: Vested & Contingent Interest [Dec 2009 (4 Marks)]Answer:Following are the main points of distinction between vested and contingent interest: Points Vested Interest Contingent Interest Section Vested Interest is provided in Section 19 Contingent Interest is provided in Section 21 of the Transfer of Property Act Meaning It is a present right to

Question 1.What are the objects of enacting the Real Estate (Regulation & Development) Act, 2016?Answer:Objects and reasons for which the Real Estate (Regulation & Development) Act, 2016 has been framed are Question 2.Write a short note on Advantages of the Real Estate (Regulation & Development) Act, 2016Answer:Advantages of the Real Estate Development & Regulation Act,

Question 1.Define the term ‘Benami Transactions’ under the Benami Transaction (Prohibition) Act, 1988.Answer:Benami transactions are a transaction or arrangement whereby the identity of the real owner (beneficial owner) of the property is concealed by showing someone else (Benamidar) as the owner on records. The beneficial owner provides or pays consideration for the purchase of the

Question 1.Write a short note on the Process of money laundering [Dec 2010 (5 Marks)]Answer:Money laundering is commonly defined as happening in three steps: the first step involves introducing cash into the financial system by some means (placement); The second involves carrying out complex financial transactions to camouflage the illegal source (layering), and the final

Question 1.Arun has two cars – one of white color and another of red color; He offers to sell one of the cars to Basu thinking that he is selling the car which has white color. Basu agrees to buy the car thinking that Arun is selling the car which has red in color. Will

Question 1.A factory owner was prosecuted for refusing to employ experienced women workers in his factory processing cotton through cotton openers. He pleaded bar of Section 27 of the Factories Act, 1948 in his defense. Will he succeed? Will it make any difference if the cotton openers are located in a separate for an off

Question 1.Write a short note on the Regulatory framework for environmental protection in India. [June 2009 (5 Marks)], [June 2011 (5 Marks)]Answer:With the endowed protection to the environment under the Constitution and Specific Statutes, all persons, be it natural or legal including a Company owes a duty to conduct themselves in such a manner that

Question 1.A group of persons wants to form a company for a future project and acquire the status of a ‘dormant company’. The group seeks your advice about the procedure and the conditions to be complied with under the provisions of the Companies Act, 2013. [Dec. 2015 (2 Marks)]Answer:Dormant Company means any of the following