McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 151. |
Which of the following is not a OECD principle |
| A. | The responsibilities of the government and bureaucrats |
| B. | Ensuring the basis for an effective corporate governance framework |
| C. | Disclosure and transparency |
| D. | The equitable treatment of shareholders |
| Answer» A. The responsibilities of the government and bureaucrats | |
| 152. |
What does the Sarbanes-Oxley Act of 2002 stipulates? |
| A. | The company should appoint independent financial experts to its audit committee |
| B. | A public account oversight board to be created |
| C. | CEO and CFO sign off the company‟s financial statements |
| D. | All of the above |
| Answer» D. All of the above | |
| 153. |
We need to conduct management audit for |
| A. | Taking over and reviving sick units |
| B. | Helps in foreign collaboration |
| C. | (a) and (b) |
| D. | None of the above . |
| Answer» C. (a) and (b) | |
| 154. |
EDP audit means when an audit is conducted in a computer information systems (CIS) environment. According to SA-401 |
| A. | ASS-29 |
| B. | AAS-29 |
| C. | ASS-28 |
| D. | AAS-28 |
| Answer» A. ASS-29 | |
| 155. |
Corporate governance is the interaction between various participants in shaping company‟s performance. The participants included are |
| A. | Shareholders |
| B. | Board of directors |
| C. | Company‟s management |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 156. |
The pillars of corporate governance are |
| A. | Accountability,fairness |
| B. | Fairness, transparency and responsibility |
| C. | Responsibility, transparency only |
| D. | (a) and (b) |
| Answer» D. (a) and (b) | |
| 157. |
The regulatory framework of corporate governance in India is three tiered comprising of the |
| A. | MCA, SEBI and Stock Exchanges.(SE) |
| B. | MCA, SEBI and FERA |
| C. | SEBI, FEMA and Stock Exchanges(SE) |
| D. | SCRA, MCA and Chartered Accountant Act. |
| Answer» A. MCA, SEBI and Stock Exchanges.(SE) | |
| 158. |
The focus of the reforms in corporate governance in India is on |
| A. | Developing an efficient capital market |
| B. | Promoting shareholders‟ democracy |
| C. | (a) and (b) |
| D. | None of the above. |
| Answer» C. (a) and (b) | |
| 159. |
Corporate scams or scandals arise with the disclosure of |
| A. | Misdeeds by trusted executives of large public corporations |
| B. | Misdeeds by trusted executive s of small public corporations |
| C. | (a) and (b) |
| D. | Only (a) |
| Answer» A. Misdeeds by trusted executives of large public corporations | |
| 160. |
Satyam computer services Ltd. was founded in 1987 by RamalingaRaju and his brother as aprivate company with just |
| A. | 10 employees |
| B. | 25 employees |
| C. | 20 employees |
| D. | 15 employees. |
| Answer» C. 20 employees | |
| 161. |
What is meant by the phrase CSR? |
| A. | Corporate Social Responsibility |
| B. | Company Social Responsibility |
| C. | Corporate Society Responsibility |
| D. | (d)Company Society Responsibility |
| Answer» A. Corporate Social Responsibility | |
| 162. |
An organization‟s appropriate tone at the top promoting ethical conduct is an example |
| A. | Ethics sensitivity |
| B. | Ethics incentives |
| C. | Ethical behavior |
| D. | Consequentialist. |
| Answer» C. Ethical behavior | |
| 163. |
Which of the following does the term Corporate Social Responsibility relate to? |
| A. | Environment practice |
| B. | Ethical conduct |
| C. | Human rights & employee relation |
| D. | All of the above |
| Answer» D. All of the above | |
| 164. |
Which is the element of business ethics? |
| A. | A discipline |
| B. | It is an art & science |
| C. | Good intention |
| D. | All of the above |
| Answer» D. All of the above | |
| 165. |
The major aspects of environmental sustainability are: |
| A. | Role of packaging |
| B. | Role of clean energy |
| C. | Role of environmental reporting |
| D. | All of the above |
| Answer» D. All of the above | |
| 166. |
Section 135 of the Companies Act 2013 provides that the constitution of CSR committee is mandatory in company having a net worth of |
| A. | Rs 100 crore |
| B. | Rs 500 crore |
| C. | Rs 600 crore |
| D. | Rs 300 crore |
| Answer» B. Rs 500 crore | |
| 167. |
The CSR committee must be composed of |
| A. | 3 or more Directors |
| B. | Only 1 director |
| C. | 2 Directors |
| D. | No Director |
| Answer» A. 3 or more Directors | |
| 168. |
Which of the following is not a role of the CSR committee? |
| A. | Formulate a CSR Policy indicating the activities as per Schedule VII to the Act |
| B. | Recommend the policy to Board of the Company |
| C. | Does not have outside relationships with other directors |
| D. | Recommend the amount of expenditure on the activities |
| Answer» C. Does not have outside relationships with other directors | |
| 169. |
Which of the following CSR provision is not applicable as per sec 135 of the Companies Act 2013? |
| A. | Companies having net worth of rupees 500 hundred crore or more |
| B. | Companies having turnover of rupees 1000 crore or more |
| C. | Companies having net profit of rupees 5 crore or more |
| D. | None of the above |
| Answer» D. None of the above | |
| 170. |
The word Philanthropy has been derived from Greek word „Philanthropia‟ which means |
| A. | Love for mankind |
| B. | Love for environment |
| C. | Love for animals |
| D. | None of the above |
| Answer» A. Love for mankind | |
| 171. |
Business approach that creates long term value for the company by incorporating economic, environmental and social dimensions into its core business decisions |
| A. | Corporate philanthropy |
| B. | Corporate Sustainability |
| C. | Corporate Social Responsibility |
| D. | None of the above |
| Answer» B. Corporate Sustainability | |
| 172. |
The business ethics is also known as |
| A. | Corporate philanthropy |
| B. | Corporate Social Responsibility |
| C. | Corporate Ethics |
| D. | None of the above |
| Answer» C. Corporate Ethics | |
| 173. |
Corporate governance is primarily about |
| A. | values |
| B. | rules |
| C. | profits |
| D. | legal framework |
| Answer» A. values | |
| 174. |
Which of the following is ingredients of environmental CSR? |
| A. | Elimination of waste and emission |
| B. | Maximizing energy efficiency |
| C. | Minimizing practices that may adversely affect use of natural resources |
| D. | All of the above |
| Answer» D. All of the above | |
| 175. |
Which of the following activities can be done by the company to achieve its CSR obligations? |
| A. | Eradicating extreme hunger and poverty |
| B. | Promotion of education |
| C. | Promoting gender equality and empowering women |
| D. | All of the above |
| Answer» D. All of the above | |
| 176. |
The functions of the CSR Committee |
| A. | Formulate and recommend to the Board |
| B. | Recommend the amount of the expenditure to be incurred on the activities referred to in clause(a) |
| C. | Monitor the CSR Policy of the company from time to time |
| D. | All of the above |
| Answer» D. All of the above | |
| 177. |
Corporate Social Responsibility includes |
| A. | Corporate Sustainability |
| B. | Giving back to host community |
| C. | Building essential social infrastructure |
| D. | All of the above |
| Answer» D. All of the above | |
| 178. |
The concept of a triple bottom line encompasses |
| A. | Economic concern |
| B. | Social Concern |
| C. | Environmental concern |
| D. | All of the above |
| Answer» D. All of the above | |
| 179. |
Corporate Social Responsibility has been regulated by of the Companies Act, 2013 |
| A. | Section 135 |
| B. | Section 154 |
| C. | Section 134 |
| D. | Section 153 |
| Answer» A. Section 135 | |
| 180. |
Which of the following is not related to attributes of corporate philanthropy? |
| A. | It focuses on treating the cause of a problem |
| B. | It is done through a corporation‟s own non-profit entity |
| C. | Human resources to take care of the employees |
| D. | Funding for corporate philanthropy mainly comes from the company‟s contributions |
| Answer» C. Human resources to take care of the employees | |
| 181. |
The acronym CSR stands for |
| A. | Corporate Search and Rescue |
| B. | Corporate Social Responsibility |
| C. | Corporate Sensitive Reliability |
| D. | Corporate Social Reality |
| Answer» B. Corporate Social Responsibility | |
| 182. |
Corporation are regarded as in the eyes of the law |
| A. | Artificial person |
| B. | Natural person |
| C. | Fictitious person |
| D. | None of the above |
| Answer» A. Artificial person | |
| 183. |
Which of the following is not a model of CSR? |
| A. | Shareholder Value Theory |
| B. | Creating Shared Value model |
| C. | Indian model |
| D. | Carroll‟s model |
| Answer» C. Indian model | |
| 184. |
The stakeholder view of social responsibility states that organisations must respond to the needs of |
| A. | employees and customers |
| B. | shareholders and owners |
| C. | all interested parties |
| D. | all those who might sue the organisation |
| Answer» C. all interested parties | |
| 185. |
Corporate social responsibility provides a wide range of benefits for companies in terms of |
| A. | Increased brand value and reputation |
| B. | Increased attraction and retention of employees |
| C. | Easier availability of finance |
| D. | All of the above |
| Answer» D. All of the above | |
| 186. |
The act of a corporate to five gifts/ charitable contributions to communities, universities, etc. that do not necessarily provide any economic benefit but helps in generating goodwill among employees, customers and the local community. |
| A. | Corporate responsibility |
| B. | Corporate philanthropy |
| C. | Business ethics |
| D. | Corporate sustainability |
| Answer» B. Corporate philanthropy | |
| 187. |
The three elements of „triple bottom line‟ (TBL) coined by Elkington are
|
| A. | i, ii, iii |
| B. | i, iii, iv |
| C. | i, ii, iv |
| D. | ii, iii, iv |
| Answer» C. i, ii, iv | |
| 188. |
which of the following statements are true
|
| A. | i and ii |
| B. | ii and iii |
| C. | i and iv |
| D. | iii and iv |
| Answer» A. i and ii | |
| 189. |
Today stakeholders are increasingly demanding that businesses take up environmental stewardship as a part of CSR to reduce carbon footprint of the business through |
| A. | Sustainable packaging |
| B. | Good water management |
| C. | Better waste management including emissions from plants |
| D. | All of the above |
| Answer» D. All of the above | |
| 190. |
Section 135 of the Companies Act, 2013 has laid down that all companies incorporated in India having a net worth of INR 500 crore or more, must spend a percentage of the average net profits made during every block of three years. What is the percentage? |
| A. | 5% |
| B. | 3.5% |
| C. | 2% |
| D. | 3% |
| Answer» C. 2% | |
| 191. |
The CSR projects/activities outlined in the Schedule VII of the Companies Act, 2013 are
|
| A. | Only ii and iii |
| B. | All of the above |
| C. | None of the above |
| D. | i, ii and iv |
| Answer» B. All of the above | |
| 192. |
The members of the corporate social responsibility committee will be appointed by |
| A. | Board of directors |
| B. | Shareholders |
| C. | Managing director |
| D. | Chief Executive Officer |
| Answer» A. Board of directors | |
| 193. |
The governance flaws of collapsed companies may be happened due to |
| A. | Failure of the Board of Directors |
| B. | Flaws in External Audit |
| C. | Dominating Dishonest CEO |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 194. |
-------- refers to a set of prescriptions and practices that provide guidelines with regards to the effective control of a company in the best interest of its shareholders and other stakeholders. |
| A. | EDP |
| B. | Corporate governance code |
| C. | Corporate reforms |
| D. | Auditing Standards |
| Answer» B. Corporate governance code | |
| 195. |
A commitment to improve community well –being through discretionary business practices and contributions of corporate resources is called Corporate Social Responsibility. This definition is given by |
| A. | McGuire |
| B. | Mallen Baker |
| C. | Phillip Kohler and Nancy Lee |
| D. | Harvard school. |
| Answer» A. McGuire | |
| 196. |
Some common forms of corporate philantrophy are |
| A. | Cash donations |
| B. | In-kind donations |
| C. | Both (a) and (b) |
| D. | None of the above. |
| Answer» C. Both (a) and (b) | |
| 197. |
The Triple Bottom line (TBL) which are interlinked are found in |
| A. | Corporate philanthropy |
| B. | Corporate social Responsibility |
| C. | Corporate governance |
| D. | Corporate sustainability. |
| Answer» D. Corporate sustainability. | |
| 198. |
-----------is defined as the duty to cover environmental implications of operations, products and facilities of company. |
| A. | Corporate social responsibility |
| B. | Environmental aspect of Corporate Social Responsibility |
| C. | Corporate sustainability |
| D. | Corporate philanthropy. |
| Answer» B. Environmental aspect of Corporate Social Responsibility | |
| 199. |
The CSR committee shall |
| A. | Formulate and recommend to the Board of Corporate Social Responsibility which shall indicate the activities to be undertaken by the company |
| B. | Monitor the Crporate Social Responsibility of the company |
| C. | Both (a) and (b) |
| D. | None of the above. |
| Answer» C. Both (a) and (b) | |
| 200. |
Giving back to host communities is under the notions of |
| A. | Corporate Social Responsibility |
| B. | Business ethics |
| C. | Management audit |
| D. | Electronic Data Processing |
| Answer» A. Corporate Social Responsibility | |
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