“To become a Chartered Accountant in India a candidate has to clear a specified examination conducted by the Institute of Chartered Accountants of India.” The above statement explains which characteristic of profession?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Restricted entry
Option (1) Rigid entry — Incorrect. There is no characteristic of a profession by this name. The real term is restricted entry.
Option (2) Professional association — Incorrect. This is another characteristic. Every profession has a body, such as the Institute of Chartered Accountants of India, which regulates entry, grants certificates of practice and enforces a code of conduct. The question, however, is about clearing an examination to enter.
Option (3) Restricted entry — Correct. Under restricted entry, not everyone can join a profession. Entry is allowed only after passing a specified examination or earning a required degree. A person becomes a chartered accountant only after clearing the examination of the ICAI.
Option (4) Regional entry — Incorrect. No such characteristic exists. The characteristics of a profession are a well-defined body of knowledge, restricted entry, a professional association, an ethical code of conduct and a service motive.
NCERT (2026-27 Edition): “Management as a Profession … (ii) Restricted entry: The entry to a profession is restricted through an examination or through acquiring an educational degree. For example, to become a chartered accountant in India a candidate has to clear a specified examination conducted by the Institute of Chartered Accountants of India.” “(iii) Professional association: All professions are affiliated to a professional association which regulates entry, grants certificate of practice and formulates and enforces a code of conduct. …” |