Security Analysis & Portfolio Management SCDL Solved Exam Paper 65

This solved paper of SCDL Security Analysis & Portfolio Management of SCDL Pune has been contributed by Deepak Goyal

 

Thanks To: Deepak Goyal

 

Multiple Choice Single Answer
Question	Accounting Standards are issued by :-
Answer	Institute of Chartered Accountants
Multiple Choice Multiple Answer
Question	Sole selling agent may be :-
Answer	An Individual , A firm , A Body corporate
Multiple Choice Multiple Answer
Question	WOS are allowed to :-
Answer	Pay royalty , Offshore payment , By automatic route
Multiple Choice Multiple Answer
Question	Directors' Responsibility Statement refers to :-
Answer	Going concern , Accounting policies , Accounting standards
Select The Blank
Question	The management should clearly disclose ________ in auditors report
Answer	Contingent liabilities
Multiple Choice Single Answer
Question	Explanatory Statement should be annexed to Notice for :-
Answer	Special business
Multiple Choice Single Answer
Question	Audit committee shall consist of not less than :-
Answer	Three directors
True/False
Question	The loan to any body corporate shall be made at the rate of interest not less than that prevailing bank rate as may be prescribed by Reserve Bank of India.
Answer	TRUE
Multiple Choice Multiple Answer
Question	Borrowings for Indian companies are for :-
Answer	In Rupees , On repatriation , Non-repatriation
Multiple Choice Single Answer
Question	The responsibility of placing the annual accounts before the AGM is on
Answer	Board of Directors
Multiple Choice Single Answer
Question	Authentication of Annual Accounts means :-
Answer	Correctness of the accounts
Multiple Choice Multiple Answer
Question	Conditions on borrowings by PIO are :-
Answer	Non-repatriation basis , Loan by inward remittance , Account by lender in India
Multiple Choice Single Answer
Question	The Balance Sheet should be in the form set out in Part I of :-
Answer	Schedule VI
Multiple Choice Multiple Answer
Question	Which committees are considered for calculating the limit of the companies
Answer	Audit committees , Remuneration Committee , Shareholders Grievance Committee
Multiple Choice Single Answer
Question	Single director can sign the annual accounts if :-
Answer	Only one director in India for the time being
Multiple Choice Multiple Answer
Question	Object Clauses are divided into :-
Answer	Main Object , Object incidental or ancillary to Main , Other Objects
Multiple Choice Multiple Answer
Question	Board of directors have to take consent of general meeting for :-
Answer	Sale, lease or dispose of company's property , Give time to repayment of debt due by director , Contribute to charitable funds exceeding Rs 50000/- or 5% of average net profits
True/False
Question	The independent director is a supplier of a service provider of the company.
Answer	FALSE
Select The Blank
Question	Liability clause can be found in ________.
Answer	Memorandum of Association
Multiple Choice Single Answer
Question	In each board meeting director is paid by remuneration, which is known as :-
Answer	Sitting fees
Multiple Choice Single Answer
Question	Maximum fine which can be levied for default in placing accounts before AGM is :-
Answer	Rs. 50,000
Multiple Choice Multiple Answer
Question	The auditor shall inquire :-
Answer	Whether transactions of the company which are represented merely by book entries are not prejudicial to the interest of the company or members , Whether loans & advances made by the company have been shown as deposits , Whether personal expenses have been charged to revenue account
Multiple Choice Single Answer
Question	Compliance Report is signed by :-
Answer	Company Secretary in practice

 

Note: Please tally the answers and verify them from SCDL textbooks as all answers might not be correct.