Iift 2011 Question 80
This is a detailed step-by-step solution for Iift 2011 Question 80. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2011
Explanation:
The handloom firm is ready to pay the required security amount and possesses assets of Rs. 55 lakhs. Hence, we can say it fulfills condition III and V.
The firm possesses the environmental clearance certificate from the State Pollution Control Board after it was made mandatory for all handloom firms in the state.Hence, we can say the firm fulfills condition IV.
The firm can easily manage three guarantors with their personal identity cards (IDs). Hence, we can say the firm fulfills condition VI.
If the firm is short in just criteria (I), then the case may be referred to Development Commissioner, Handloom (DCH) of the state as it operates in handloom products. However, nothing is mentioned with regard to any legal dispute against it. Hence, we can say that the licence will not be issues until we have more information regarding legal disputes against the firm.
Therefore, option B is the correct answer.