Logical Reasoning Test - 13

Section 129 of the Companies Act, 2013 lays down that the financial statements shall give a true and fair view of the state of affairs of the Company or Companies comply with the Accounting Standards and the format of those financial statements shall be as per Schedule III of CA, 2013.

Schedule III of the Companies Act 2013, provides the format of financial statements of companies complying with Accounting Standards (AS) and Ind AS.

Consent is said to be free when it is not caused by undue influence.

Consent is considered to be free consent when the following factors are satisfied: It should be free from coercion. The contract should not be done under the pressure of undue influence. The contract should be done without fraud.

When consent to an agreement is caused by undue influence, the agreement is a contract voidable at the option of the party whose consent was so caused.

A contract is said to be induced by undue influence where the relations between the parties are such that one of the parties is in a position to dominate the will of the other and uses that position to obtain an unfair advantage over the other. Such a contract is voidable at the option of the promisee through whom such consent was obtained.

Statement: British Petroleum (Petroleum Industry Company) should be allowed by the government to install petrol pumps in India.

Arguments:

1)  Yes, it will create employment opportunities for Indians → Clearly, this argument supports the statement because allowing British petroleum to install a petrol pump in India will create employment opportunities for Indians.

2) No, it will harm other private petroleum companies → In the statement not mentioned the pricing of petrol so, allowing some other company will create employment and it will benefit the economy of Indian in long term. Thus, it is not a strong argument.

So, the 'only argument I is strong' is the correct answer.

According to the given information, the path followed by Ajay be:

Clearly, Ajay is in north-east direction with respect to his initial position.

So, the correct answer is "North-east".

The pattern followed is,

Option (A) would be the correct answer as solar energy is an inexhaustible resource it can be reused and provides many advantages. Whereas harnessing solar energy is cheaper compared to the capital needed to generate other forms of energies.

Article 86 of the constitution states that the president can send messages to the Houses of Parliament relating to bills pending or otherwise.

On April 8, 1929, Bhagat Singh, along with freedom fighter Batukeshwar Dutt, hurled two bombs inside the Central Legislative Assembly in New Delhi to protest against an unfavorable Bill.

Bhagat Singh was a socialist revolutionary and freedom fighter who was executed at the age of 23 for his dramatic violence against British rule.

The famous slogan ‘Inquilab Zindabad’ was coined by him.

He was sentenced to death for the Lahore conspiracy case.

When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is voidable at the option of the party whose consent was so caused.

When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract voidable at the option of the party whose consent was so caused." A party to the contract, whose consent was caused by fraud or misrepresentation, may, if he thinks fit, insist that the contract shall be performed and that he shall be put in the position in which he would have been if the representations made had been true.