1) Which of the following is not the act of Corporate Governance?
(A) Protecting the interest of shareholders
(B) Protecting the interest of employees
(C) Fudging of Accounts
(D) PayingTaxestotheGovernment
Answer: (C)
2) The evaluation of Business activities and behaviour as right or wrong is called
(A) Corporate Governance
(B) Business Ethics
(C) Social Responsibility
(D) None of the above
Answer: (B)
3) Which among the following is not correct with regards to Clause 49 of SEBI Act?
(A) It came into effect from 31st December 2005.
(B) Clause 49 is related to the Listing Agreement to the Indian Stock Exchange.
(C) It desires 50 percent independent Directors.
(D) None of the above
Answer: (D)
4) The professional having high ranking and trained to uphold the highest standard and effective operations, compliance and administration as corporate governance, is known as
(A) Directors of Company
(B) Chairman of Company
(C) Company Secretary
(D) Shareholders
Answer: (C)
5) Which of the following powers of Directors can- not be exercised without the consent of shareholders in General Meeting?
(A) Power to make calls on shareholders
(B) Power to make loans
(C) Power to buy back its shares
(D) Power to borrow monies exceeding the aggre- gate of the paid-up capital of the company and its free reserves.
Answer: (D)
6) Environmental issues can be managed by
(A) Investing in environment friendly process or products.
(B) Managing environmental regulations.
(C) Investing in environmental performance improvement.
(D) All of the above.
Answer: (D)
7) Corporate Social Responsibility (CSR) is looked as the organised network of making long economic and social relationship of the corporate with the society. But a business of which type, as mentioned below, cannot afford for it, at the first instance?
(A) Large Business
(B) Medium Business
(C) Small Business
(D) A Business Start-up
Answer: (D)
8) Company seeking ethical standard must purport to
(A) Good Employee Relation
(B) Better Production Portfolio
(C) Economy of Scale
(D) Public Disclosure and Publishing
Answer: (D)
9) Ethics provide
(A) Consumer Autonomy
(B) CSR
(C) Justice
(D) All of the above
Answer: (D)
10) Ethical challenges may arise on account of
(A) Failure of personal character, conflict of person- al value & organisational goals and conflict of organisational goals and social values
(B) Hazardous but popular products
(C) Both (A) and (B)
(D) None of the above
Answer: (C)
11) Anything dealing with Ethics in Business is
(A) good, bad or both, to the business gains
(B) not related to religion
(C) not to focus obligation
(D) killing all types of Unfair Trade Practices
Answer: (A)
12) Factors contributing to unethical behaviour are
(A) Poor leadership
(B) Poor internal communication
(C) Lack of management support
(D) All of the above
Answer: (D)
13) Ethical Management is
(A) A Compromise
(B) A Compulsion
(C) A Judgement
(D) (A) and (B)
Answer: (C)
14) Whistle-Blowers are
(A) to be removed from the jobs
(B) to be promoted
(C) to be rewarded for the organisational enrichment
(D) to be protected since they intend to bring out truth
Answer: (D)
15) Business propositions are to be selected by mak- ing an analysis that, how much the local resources will be depleted in the commencement and the course of Business. This is known as
(A) Sensitivity Analysis
(B) Common Property Resource use
(C) Environmental Impact Assessment
(D) None of the above
Answer: (C)
16) Work-Diversity” by nature, does not go against Ethics. But an executive assistant while getting transferred from “stores” to “despatch” section created turmoil in the office. He is
(A) Most ethical in his deal
(B) Fully against work ethics
(C) He is workoholic
(D) A Rigid employer, hard nut to crack
Answer: (B)
17) Governance is the system of values, policies and institutions by which a society manages its eco- nomic, political and social affairs through inter- actions within and among the state, civil society and private sector is defined by
(A) World Bank
(B) UNDP
(C) European Commission
(D) None of the above
Answer: (B)
18) A system of control is implemented to assist in aligning the incentives of managers with those of shareholder is known as
(A) Corporate Governance
(B) Government Control
(C) Director of Company
(D) Shareholders
Answer: (A)
19) We must maintain in good order the property, we are privileged to use, protecting the environ- ment and natural resources” is known as
(A) Protecting business environment
(B) Social responsibility of business
(C) Maintaining good property
(D) Protect natural resources
Answer: (B)
20) Assertion (A): The Securities and Exchange Board of India has made Listing Agreement tough to ensure good corporate governance among the companies listed on Indian Stock Exchange.
Reasoning (R): In the absence of Clause 49, the list- ed companies may ignore the interest of stakehold- ers.
(A) (A) and (R) both are correct and (R) is right explanation of (A).
(B) (A) is correct, but (R) is not the correct explana- tion of (A).
(C) (R) is correct, but (A) is not the right assertion.
(D) Both (A) and (R) are incorrect.
Answer: (A)
21) A set of processes, customs, policies, laws and institutions, that affects the way in which a corporation is directed, administered or controlled in order to facilitate the interest of stake-holders is known as
(A) Corporate Social Responsibility
(B) Corporate Governance
(C) Corporate Sustainability
(D) Environmental Ethics
Answer: (B)
22) Match the following with regards to environmen- tal ethical issues:
a. Ozone Depletion 1.Lead poisoning
b. Environmental Health 2. Deforestation
c. Logging 3. Food controversies
d. Genetic Engineering 4. CFC
Codes: abcd
(A) 4 2 1 3
(B) 4 1 2 3
(C) 4 3 2 1
(D) 4 3 1 2
Answer: (B)
23) SEBI asked entire group “A” companies to sub- mit a corporate governance report in addition to their annual reports from the date:
(A) April 1, 2001
(B) April 1, 2000
(C) January 13, 2006
(D) April 1, 2008
Answer: (A)
24) The practice of willingly hiding relevant informa- tion by being secretive and deceitful known as _________, occur when organization punishes individual who is open and honest and rewards the one who has unethical behaviour.
(A) ‘Window Dressing’
(B) ‘Counter Norms’
(C) ‘Stone-walling’
(D) None of the above
Answer: (C)
25) Corporate Governance Committee appointed on May 7, 1999 was headed by
(A) Aditya Birla
(B) Kumar Mangalam Birla
(C) Rajendar Sachar
(D) J.S. Mehta
Answer: (B)
26) The term ‘Corporate Governance’ comes closest to
(A) Corporate Management
(B) Corporate Administration
(C) Corporate Planning
(D) Corporate System
Answer: (D)
27) In view of competitive global economy, corpora- tions are involved in cost cutting, corporate restructuring, mergers and acquisitions and downsizing. All these activities can be carried out successfully only if there is proper
(A) Business Ethics
(B) Ethical Audit
(C) Corporate Social Responsibility
(D) Corporate Governance
Answer: (D)
Statement (A): Law and moral standards overlap to a certain extent.
Statement (B): Law represents a minimum set of standards for regulating human behaviour in society.
(A) (A) and (B) both are incorrect.
(B) (A) is correct but (B) is not the right explanation of (A).
(C) (A) is correct and (B) is the right explanation of (A).
(D) (A)is incorrect and (B)iss correct statements isolation.
Answer: C
28) In order to check the growing unethical practices in the field of information technology, the first cyber law passed in India is
(A) Information Technology Act
(B) Anti-hacking Law
(C) Cyber Law
(D) E-commerce Law
Answer: (A)
29) The first social audit in India to evaluate role and success of company towards moral responsibility of employees conducted by
(A) Birla Group (BALCO)
(B) Wipro
(C) Infosys
(D) TISCO
Answer: (D)
30) Which one of them was not a Corporate Fraud?
(A) Satyam Case
(B) Abdul Karim Telgi case
(C) Saradha Chit Fund
(D) Ketan Parikh
Answer: (B)
31) Morality of an employee in a business organisation depends upon
(A) Individual disposition
(B) Understanding of business activities
(C) Understanding of individual in a group
(D) Family setup of individual employee
Answer: (A)
32) Which one is not the item to be necessarily includ- ed in the report on Corporate Governance in the Annual Report of listed companies?
(A) Board of Directors
(B) Audit Committee
(C) Shareholders’ Committee
(D) All of the above
Answer: (D)
33) Fundamental legal obligations in taking corpo- rate business decisions are formulated on the basis of
(A) Judicial Principles
(B) Moral Principles
(C) Ethical Principles
(D) Legislative Principles
Answer: (C)
34) Corporate governance mechanism should ensure that corporate executive make strategic decisions that serve the entire group of
(A) Environmentalists
(B) Government officials
(C) Suppliers
(D) Shareholders
Answer: (D)
35) Clause 49 of SEBI Regulations was amended on
(A) 15 August, 2000
(B) 26 August, 2003
(C) 26 January, 2007
(D) 14 February, 2008
Answer: (B)
36) Assertion (A): Ethical relativism means that there are universal standards of human behaviour.
Reasoning (R): Ethical behaviour is primarily per- sonal behaviour conforming to standards of morality.
(A) (A) is correct, and (R) is the right explanation of (A).
(B) (A) is incorrect, and (R) is a correct statement in isolation.
(C) (A) and (R) both are incorrect.
(D) (A) is correct, but (R) is not the right explanation of (A).
Answer: (B)
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