Corporate Laws & Compliance MCQ 6

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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

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