ONLINE MOCK TEST · SAMUCHIT365

AAI Manager (Commercial) Exam Test 3

AIRPORT AUTHORITY OF INDIA

60Questions
60 minTest duration
FREEAccess

About this mock test

Prepare for AAI Manager (Commercial) Exam Test 3 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 1994I – Legal | AERA Act 2008I – Legal | Arbitration Act 1996I – Legal | Indian Contract ActI – Legal | Mediation Act 2023II – Finance | Aeronautical RevenueII – Finance | Basic AccountingII – Finance | Capital BudgetingII – Finance | DCFII – Finance | Financial StatementsII – Finance | IRRII – Finance | NPV

Free sample questions

Try these sample questions from this free mock test. Open the answer to check your understanding.

Sample question 1

A supplier makes an offer valid until Friday, but the buyer sends an unconditional acceptance on Saturday. Which conclusion is most appropriate?

  1. The original offer may have lapsed before acceptance
  2. A binding contract always arises
  3. The buyer automatically acquires an option
  4. Acceptance retroactively extends the offer
Show correct answer and explanation

Correct answer: A

An acceptance must ordinarily occur while an offer remains open; expiry of the specified time can cause lapse.

Sample question 2

A warehouse promises to keep goods safe without receiving any reward. Which principle is most relevant when identifying a gratuitous bailment?

  1. Ownership necessarily passes to the bailee
  2. Bailment can exist without consideration in the form of a fee
  3. Every bailment is a contract of guarantee
  4. Bailment requires a sale
Show correct answer and explanation

Correct answer: B

Bailment concerns delivery of goods for a purpose with an obligation to return or dispose of them as directed; it can be gratuitous.

Sample question 3

An arbitration agreement is contained in an exchange of emails that records the parties’ consent. Which is the strongest legal conclusion?

  1. Only a notarised paper deed is valid
  2. Only oral consent is permitted
  3. An arbitration agreement may be evidenced by electronic communications
  4. A court judgment must precede every arbitration agreement
Show correct answer and explanation

Correct answer: C

Section 7 recognises written arbitration agreements, including qualifying electronic communications.

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