MCQ on Corporate Laws & Compliance

• Unfair competition under the Competition Act, 2002 means adoption of practices viz.
  • collusive price fixing
  • allocation of markets
  • discriminatory pricing
  • All of the above

• The power of appointing additional director can be exercised by the
  • Annual General Meeting
  • Board Meeting
  • Statutory Meeting
  • None of the above

• A company has 9 Directors, on 01-01-2016. The office of 2 Directors have fallen vacant on 02-01-2016. The quorum required for conducting a Board meeting is
  • 4
  • 3
  • 2
  • 5

• Power to recognize Stock Exchange vests with
  • Central Government
  • State Government
  • SEBI
  • Supreme Court

• A Government department supplying water for irrigation to the agriculturists after levying charges for water supplied can be considered as
  • Firms
  • Enterprise
  • Joint venture
  • Joint sector

• The Apples producers of Shimla have formed an association to control the production of apples. This association is called as
  • Pool
  • Cartel
  • Merger
  • Combination

• Every Banking Company incorporated in India shall prepare a balance sheet and profit and loss account as on the last working day of the
  • Calendar Year
  • Accounting Year
  • Month
  • None of the above

• A memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulation in this behalf is known as
  • Red Herring Prospectus
  • Abridged Prospectus
  • Shelf Prospectus
  • Deemed Prospectus

• The Chairman of the Insurance Regulatory and Development Authority shall hold office for a  term of  from the date on which he enters upon his office and should be eligible for reappointment.
  • 3 years
  • 4 years
  • 5 years
  • 6 years

• Corporate Governance is a blend of the Internal and External Corporate Governance
  • Techniques
  • Mechanisms
  • Systems
  • Methods

• Which of the following is the advantage of the family business over non-family business?
  • Staff recruitment
  • Raising funds for growth
  • Ownership vs. Management
  • Deep industry insight

• As per The Securities Exchange Board of India Act, 1992 Revised Clause 49 (VI) is applicable to:
  • Top 100 companies by market capitalisation
  • Top 200 companies by market capitalisation
  • Only (A) above
  • Only (B) above

• No banking company shall create any charge upon its
  • Paid up Capital
  • Unpaid Capital
  • Paid up and unpaid capital
  • None of these

• Authorised person under the Foreign Exchange management Act means
  • An authorized dealer
  • Money Changer
  • Both of (A) and (B)
  • None of these

• As per Section 177 of the Companies Act, 2013 every public company having paid  up capital of  shall constitute an Audit Committee.
  • Fifty lakh rupees
  • twenty five crore rupees
  • Five crore rupees or more
  • ten crore rupees or more

For Previous Corporate Laws & Compliance MCQ –
https://cmaindiagroup.com/corporate-laws-compliance-mcq-5/
https://cmaindiagroup.com/corporate-laws-and-compliance/
https://cmaindiagroup.com/corporate-laws-compliance-mcq-4/
https://cmaindiagroup.com/corporate-laws-compliance-part-three/
https://cmaindiagroup.com/corporate-laws-complianc/
https://cmaindiagroup.com/mcq-financial-accounting-part-3/

For Blog – http://pnautiyal.blogspot.com
Soon you will find Test Paper on Corporate Laws & Compliance MCQ