Iift 2011 Question 79
This is a detailed step-by-step solution for Iift 2011 Question 79. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2011
Explanation:
The given criteria are:-
I. Have a Grade - ‘A’ certified unit for any products.
II. Not have any legal dispute case against it.
III. Possess minimum asset worth Rs. 40 lakhs.
IV.Submit an environment clearance certificate issued by the Pollution Control Board (PCB) of the state where the firm is located.
V. Deposit the margin money of Rs. 1 lakh.
VI. Arrange for three guarantors with their personal identity cards (IDs)
Also, Ramayan Enterprise:-
possesses assets worth Rs. 50 lakhs
is located in Surat where no firm having any legal dispute is permitted to operate.
The firm agreed to deposit Rs. 1 lakh
give details of three guarantors with their personal details as required.
It has got grade - A certificate and can submit an environment clearance certificate issued by the Pollution Control Board of the state.
Thus, it satisfies all the given conditions and hence license may be issued.
Hence, option A is the correct answer