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AAI Manager (Commercial) Part B Mock Test
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60 Questions
60 min Test duration
FREE Access
About this mock test
Prepare for AAI Manager (Commercial) Part B Mock Test with an online practice test on Samuchit365. Review the test format and practise at your own pace.
This is an independent practice resource. Refer to the relevant recruiting organization's official notification for eligibility, syllabus, and examination rules.
Practice test pattern
Total questions: 60 · Duration: 60 minutes
Default marking: +1.00 per correct answer; −0.25 per incorrect answer.
Section-specific marking or timing may apply where configured. This describes the Samuchit365 practice test, not necessarily the official examination pattern.
Topics covered in this practice test
Question topics I – Legal | AAI Act, 1994 I – Legal | AERA Act, 2008 I – Legal | Arbitration Act, 1996 I – Legal | Indian Contract Act I – Legal | Mediation Act, 2023 II – Finance | Aeronautical Revenue II – Finance | Airport Revenue Strategy II – Finance | Basic Accounting II – Finance | Capital Budgeting II – Finance | Discounted Cash Flow II – Finance | Financial Statements II – Finance | IRR
Free sample questions
Try these sample questions from this free mock test. Open the answer to check your understanding.
Sample question 1
A supplier offers to sell equipment for ₹8 lakh; the buyer replies that it will pay ₹7.5 lakh. The reply is best characterised as:
A counter-offer Acceptance by conduct Unconditional acceptance A completed contract
Show correct answer and explanation
Correct answer: A
A conditional acceptance changing price is a counter-offer, not an absolute and unqualified acceptance (section 7).
Sample question 2
A contract names ₹5 lakh as damages for breach. Under section 74, a court generally may award:
No compensation under any circumstances Reasonable compensation not exceeding ₹5 lakh ₹5 lakh automatically regardless of loss Any amount beyond ₹5 lakh
Show correct answer and explanation
Correct answer: B
Section 74 permits reasonable compensation not exceeding the stipulated sum, subject to applicable principles.
Sample question 3
Which requirement is central to a valid arbitration agreement under section 7?
It must be in writing It must always be notarised It must specify three arbitrators It must be registered with a court
Show correct answer and explanation
Correct answer: A
Section 7 requires an arbitration agreement in writing; writing can be established in recognised forms.
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