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"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?

Solution

✅ Correct Option: 3

A profession has restricted entry: admission is only through an examination or a specified educational qualification, such as clearing the ICAI examination to become a Chartered Accountant. The statement describes this entry barrier, not merely the existence of a professional association. Hence option 3.

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