LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer
Question Board may by resolution passed at the meeting delegate the
powers to :-
Correct Answer Manager , Committee of directors , Managing director
Your Answer Committee of directors , Managing director
Multiple Choice Single Answer
Question What is the optimum combination of Board of Directors?
Correct Answer Managing Directors and Secretary
Your Answer Executive and non executive Directors
Select The Blank
Question Copies of annual accounts are to be filed within ________ days
from AGM with ROC.
Correct Answer 30 days
Your Answer 30 days
Select The Blank
Question First AGM should be held within ________ from closure of
financial year.
Correct Answer 9 months
Your Answer 6 months
True/False
Question Acquiring foreign security on gift is allowed.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Briefly describe the scheme of the bonus act :-
Correct Answer To impose statutory liability upon every employer to pay bonus
to employees , To define principle of payment of bonus as per
the prescribed formula , To provide payment for minimum and
maximum bonus and link the scheme for set off and set on
Your Answer To impose statutory liability upon every employer to pay bonus
to employees , To define principle of payment of bonus as per
the prescribed formula , To provide payment for minimum and
maximum bonus and link the scheme for set off and set on
Multiple Choice Multiple Answer
Question Remuneration to the director may be paid :-
Correct Answer Monthly , Quarterly , Annually
Your Answer Monthly , Quarterly , Annually
Multiple Choice Single Answer
Question Single director can sign the annual accounts if :-
Correct Answer Only one director in India for the time being
Your Answer There is only one director in the company
Select The Blank
Question If an employer derives profit in any of the first ________ years
he has to pay bonus for that year.
Correct Answer 5
Your Answer 3
Multiple Choice Single Answer
Question Define an employed person under section 2 of the act.
Correct Answer Includes legal representative of a deceased employed person
Your Answer Any establishment
True/False
Question No person can be appointed as an auditor of the company who
is in full time employment.
Correct Answer True
Your Answer True
True/False
Question Wages includes the value of any house accommodation or
supply of light and water.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Retiring director shall be deemed to be reappointed unless :-
Correct Answer He has expressed his unwillingness to be re-appointed , He is
disqualified for appointment , Resolution for reappointment has
been put to vote & lost
Your Answer He has expressed his unwillingness to be re-appointed , He is
disqualified for appointment , Resolution for reappointment has
been put to vote & lost
Select The Blank
Question It is the primary ________ of the company to file the documets of
creation of charge.
Correct Answer Responsibility
Your Answer Duty
Multiple Choice Multiple Answer
Question Who is an independent director?
Correct Answer Non executive director , Who receives director remuneration ,
Who is not related to the promoters
Your Answer Non executive director , Who receives director remuneration ,
Who is not related to the promoters
Multiple Choice Single Answer
Question Surrender of foreign exchange is regulated as per :-
Correct Answer RBI Norms
Your Answer FMCG Norms
Select The Blank
Question For making alterations before ROC, ________ is required.
Correct Answer Power of Attorney
Your Answer Power of Attorney
True/False
Question Senior managers are members of management, one level below
the executive director.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Which companies have to comply with the provisions of Clause
49 of listing agreement ?
Correct Answer Listed Companies
Your Answer Listed Companies
Multiple Choice Single Answer
Question What right does the payment of bonus act give ?
Correct Answer Statutory right to share in profits
Your Answer Statutory right to share in profits
Multiple Choice Multiple Answer
Question Indian IT. companies are allowed to acquire shares in foreign
companies on following conditions :-
Correct Answer Investment limit of US $ 100 Million , Investment 10 times the
export earnings
Your Answer Investment limit of US $ 100 Million , Investment 10 times the
export earnings
Select The Blank
Question Foreign companies may open Project Office in India after
approval of ________.
Correct Answer RBI
Your Answer RBI
Multiple Choice Multiple Answer
Question Directors' Responsibility Statement refers to :-
Correct Answer Going concern , Accounting policies , Accounting standards
Your Answer Going concern , Accounting policies , Accounting standards
Multiple Choice Single Answer
Question s
Correct Answer In 1936
Your Answer In 1946
Multiple Choice Single Answer
Question Every member of a company limited by shares and holding any
equity share capital therein shall have :-
Correct Answer Right to vote
Your Answer Right to vote
Multiple Choice Single Answer
Question Which person is responsible for he payment of wages act ?
Correct Answer Managers
Your Answer Managers
True/False
Question Foreign technical collaborations are permitted.
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question What is the minimum salary under which the persons are
covered in this act?
Correct Answer Less than Rs 1600
Your Answer Less than Rs 1600
True/False
Question Form no 17 &13 are to be filed when the entire loan amount is
repaid.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Section 24 provides bar to entertain suits by the court for
recovery of wages in so far as the sum claimed falls within which
of the following categories :-
Correct Answer For which any application claim has already been presented ,
Direction of claim already given' , Amount adjudged is not due to
penalty
Your Answer For which any application claim has already been presented ,
Direction of claim already given' , Amount adjudged is not due to
penalty
Multiple Choice Single Answer
Question Any contravention of provisions of FEMA will attract penalty upto
:-
Correct Answer Rs. 200000
Your Answer Rs. 200000
Multiple Choice Single Answer
Question The responsibility of placing the annual accounts before the
AGM is on
Correct Answer Board of Directors
Your Answer Chief Executive Officer (CEO)
Select The Blank
Question The form should be filled within ________ days from the date of
execution of document.
Correct Answer 30 days
Your Answer 30 days
True/False
Question A proxy can appoint another proxy.
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question In which case did the Bombay high court observe the general
purpose of the act?
Correct Answer Arvind mills ltd case
Your Answer Arvind mills ltd case
Multiple Choice Single Answer
Question To whom does the payment of wages act apply to ?
Correct Answer Persons employed in any factory
Your Answer Persons employed in any factory
Multiple Choice Multiple Answer
Question Which committees are considered for calculating the limit of the
companies
Correct Answer Audit committees , Remuneration Committee , Shareholders
Grievance Committee
Your Answer Audit committees , Remuneration Committee
Select The Blank
Question A member shall have right to apply for operations and
mismanagement of the company provided application is made
by members not less than ________ or by the members holding
not less than one tenth of total number of shares in the share
capital of the company.
Correct Answer 100
Your Answer 50
True/False
Question Sectoral cap on investment by person resident outside India on
Mass rapid Transport is 50%.
Correct Answer False
Your Answer True
True/False
Question In case of Postal Ballot, result is announced through post.
Correct Answer False
Your Answer False
Select The Blank
Question Payment of ________ requires registration from RBI.
Correct Answer Royalty
Your Answer Remuneration
Select The Blank
Question ________ of the company has a right to take inspection of the
books of account.
Correct Answer Any Director
Your Answer Chief Executive Officer (CEO)
Select The Blank
Question The definition of ECB in India is partly in alignment with
________ Act.
Correct Answer FERA
Your Answer FERA
Multiple Choice Multiple Answer
Question Following have the right to inspect books of account :-
Correct Answer Any Director of the company , Officer of SEBI (if authorised) ,
Authorised officer of Government
Your Answer Any Director of the company , Officer of SEBI (if authorised) ,
Authorised officer of Government
Match The Following
Question Correct Answer Your Answer
dismissed employee for
bonus
Gannon India vs. niranjan
das
Gannon India vs. niranjan
das
part time employee
entitled to bonus
automobile karmachari
sang vs. industrial tribunal
1970
automobile karmachari
sang vs. industrial tribunal
1970
retrenched employee
entitled for bonus'
east Asiatic company vs.
industrial tribunal 1961
east Asiatic company vs.
industrial tribunal 1961
probationer for bonus' bank of madura vs.
employees union 1970
bank of madura vs.
employees union 1970
Multiple Choice Multiple Answer
Question Borrowings for Indian companies are for :-
Correct Answer In Rupees , On repatriation , Non-repatriation
Your Answer In Rupees , On repatriation , Non-repatriation
Match The Following
Question Correct Answer Your Answer
Qualification share Minimum number of
shares that every director
has to take
Minimum number of shares
that every director has to
take
Director Employee of the company Promoter of company
Vacancy Created due to resignation
of director
Created due to resignation
of director
Rotation Specific time interval Employee of the company
No comments:
Post a Comment