Testid

qid

Question 1 Which is not the reason for corporate misgovernance in India

Choice A Open Economy

2 Bribery to concerned official, using import licences to make quick profit, illegaly holding money abroad to meet business expenses are types of

Corporate Misgovernance

3 Which of the statement is true: a) Directors Only B elect shareholders who elect them b) directors vote on key matters and adopt the majority decision c) Company adopts scientific methods to generate accounting info required by stakeholders d) the company policies and practices adher to applicable national, state and local laws

4 Which of the following is not the issue of CG

Ditinguising The Role Of Board And Management

5 Which of the following statement is true about CG

The Interest Of Society Is Ignored

6 The OECD states that CG problem arise s because of

Ownership & Control Is Separated

7 ________ resulted from ENRON scandal

SOX Act

8 The _______ calls for protection to those who brings fraud to attention of those handling frauds

Cadbury Committee

9 In privately owned organizations only employees at _________ are seen indulging in corporate misgovernance

Low Level

10 Need for CG in India was realized with __________

Plantation Companies Scam

11 Extraordinary high income tax levels of 1960s led many companies to devise tax eviction tactics in form of compensation packages for 12 By ________ each & every listed company joined the SEBI code

Senior Employees

2002

13 __________ defines CG as system by which Oecd business corporations are directed & controlled

14 CG maybe defined broadly as its relationship Shareholders to

15 Executive pay in UK was reviewed by

Cadbury Committee

16 Stakeholders are the individuals or groups who:

17 FICCI stands for

Depend On The Organisation To Fulfil Their Own Goals And On Whom The Organisation Depend. The Federation Of International Chambers Of Commerce And Industry

18 Which of the following is not a parameter as Rights Of elucidated by OECD Shareholders

19 the board of directors of a company shall have an optimum combination of executive and non-executive directors with not less than 50% of BOD to be non-executive directors 20 Which of the following is not one the underlying principles of the corporate governance Combined Code of Practice?

TRUE

Accountability

21 When was infosys founded

1981

22 Headquater of Infosys is in

Chennai

23 Infosys was started with an initial capital of

100000

24 Infosys business activities are anchored in three pillar

Business Ethics, Corp Governance And CSR

25 Infosys was first Indian Company to be listed Bse in

26 MAKE award is

Most Admirable Knowledgable Enterpreneur

27 CEO and MD of Infosys is

N.R. Narayan Murthy Process Repository @ Infosys For Driving Excellence

28 PRIDE is termed as

29 Whistel blower policy encourages

Employeess To Report Questionable Accounting Matters

30 Infosys was the first Indian company to voluntarily adopt

Cadbury Committee Recommendation

31 Phaneesh Murthy Case was about

Sexual Harassment

32 For CSR Infosys established a trust namely

Infosys Foundation

33 Which Committee focuses on Executive and Cadbury Committee Non Executive Directors

34 CEO is Responsible for

Corporate Strategy

35 COO is responsible for

Day To Day Operational Issues

36 Founder of Infosys is 37 Fundamental objective of Corporate Govenance is ?

Nandan Nilekani The Enhancement Of Long Term Share Holder Value And Protecting The Interest Of Other Stake Holders Effective And Effficient Risk Management

38 ________Is one aspect of corporate goverance that helps a company achieve its goal of maximizing share hoders value

39 Infosys has three commitees

Audit Committee,Nominati on Committee And Compensation Committee

40 Effective and Efficient risk management helps comnpany to achieve its

Corporate Social Responsibility

41 Main purpose of CG is:

To Separate Ownership And Mgt Control Of Organizations

42 Effective corporate governance does all of the following except:

Ensure Corporate Accountability.

43 The ultimate responsibility for maintaining Board Of Directors an appropriate balance between management and the owners rests with:

44 Which of the following is not a right of shareholders?

He Has A Right To Demand A Poll

45 Divergence in objectives between ownership Relational Costs and management leads to

46 Which of the following is not a responsibility Shareholders Must of shareholder? Maintain Alertness And Decorum During The General Body Meeting

47 The basic right of shareholder is :

Right To Transfer And Obtain Registration Of Shares

48 What is needed to create a corporate culture of consciousness, transparency and openness??

Corporate Management

49 Who is the custodin of investor's interest?

Rbi

50 Number of mandatory recommendations of kumr birla committee,1999

25

51 CII's first audit committee

Cadbury Committee

52 While appointing new director, shreholder must provide the following information

A Brief Resume

53 Which of the following is a mandtory recommendation of KMB Committee, 1999

Displaying Of Quaterly Results On Website

54 Which of the following is not a mandtory recommendation of KMB Committee, 1999

AGM Should Not Held At Inconvenient Venue Or Timing

55 Conflicts of interest between shareholders and managers of a firm result in

Principal-Agent Problem

56 Agency costs are incurred by a corporation because

Managers May Not Attempt To Maximize The Value Of The Firm To Shareholders

57 Shareholders have the right to have certificate of shares within __________ of allotment

2 Months

58 Shareholders can apply for the rectification of the register of member to:

Company Law Board

59 Shareholder is entitled to:

Can't Particiapte In Decision Of Dividend Declaration

60 Shareholder as right to inspect:

The Registers Of Investment Held By The Third Party On Company's Name.

61 Strong investor protection is associated with Effective Corporate Governance

62 The core substance of corporate governance Designing lies in

63 The relationship between investor protection Principal And Agent and corporate goverance is

64

Use profits of the firm to Insiders benefit themselves , instead of returning the money to outside investor to whom it rightly belongs.

65 The objective of corporate governance Shareholders reforms in most countries is to protect rights of outside investors, including

66 Investor protection is an important constituent of

Corporate Governance

67

Provides an impetus for Banks the growth of capital markets

68 Investor protection is essential for the orderly TRUE development and proper fuctioning of capital markets 69 After which scams did SEBI took investor Ketan Parik Scam protection seriously

70 Due to lack of proper the capital market in the country has experience stream of market irregularities and scandals in 1990

Investor Protection

71 Investor protection is inalienable part of corporate governance 72 N.K mitra committee was formed for

TRUE Right Of Shareholders

73 Regulator ofn.K. Mitra Committee

Sebi

74 Among the following in which category the investor complain cannot be divided

Complaints Againt Member Brokers Of Stock Exchange

75 Investor protection is a multidimensional function requiring checks at various level which are

Company Level

76 Harshad mehta Scam of market manipulation 1995 took place in which year

77 Who listed different failures of sebi in his column "Eye on the Market" in the Hindu Businessline

S.Vaidyanathan

78 In which Scam India's fourth Largest software exporter and first indian internet company to be listed on NASDAQ was involved

Wipro

79 What is the Suggestion given to Sebi for Better perfomance

Development Of Financial Markets

80 In Harshad Mehta Scam amount involved in 54 Billion the crises was around

81 What does the accounting standards 18 of ICAI states that

Full Disclosoure Of All Details Of The Transaction Along With The Amount Invovlemnt

82 Who headed a corporate governance committee that was formed at RIL after Anil's acquitions

D.V. Kapoor

83 Which member of parliament accused the reliance group for "buying peace " with the income tax department

Promod Mahajan

84 Who prescribes that the board of every listed Sebi company should setup an audit committee

85 Which section of the companies act prescribes that the every company maintains a register of contract in which its Directors are interested

301

86 When did reliance industries went public and raised equity capital

1975

87 Who headed the Oil and Gas business of RIL Mukesh Ambani after the split

88 Who headed the telecomm arm of the RIL after the split

Mukesh Ambani

89 Which compnay under reliance group was accused of voilating provsions of the law against pre - natal sex determination

Reliance Capital

90 Who played a key role in making a amicable M V Kamath settlement between the ambani brothers

91 1990 of which company's managerial control Itc did the Ambani's want to acquire

92 Which section specifies that the board approval is required for contracts in which dierectors are intereted parties

301

93 Who did Anil accused of conspiring to divide family

D.V. Kapoor

94 Which company won the national award for Infosys Execellence in corporate governance for the year 2003

95 Who among the following independent director(s) was/were accused of having preculinary relationship with the company and its associate company

D.V. Kapoor

96 Who was the Vice Chairman of Ril before the split

Anil Ambani

97 Which act of the parliament was voilated by Official Secrets Act two senior executives of reliance when a cabinet note was found in their office

98 When did SEBI directed the stock exchnages to look into corporate governance issues at RIL

2004

99 What was the main reason of tussel over corporate governance

Absence Of Will

100 Who was the chairman of Boston Consulting Arun Maira Group(India)

101 Which act says that directors are personally liable to the company in matter of illegal facts

Breach Of Trust

102 For getting relief under section 633what must be proved by the officer concerned

Acted Reasonably

103 Which section of companies act does not Section 292 validate the acts which could not have been done even by a properly appointed director or the acts of a director who knows of the irregularities of his appointment

104 De facto' means

Director Duly Appointed And Acts As A Director

105 A person having control over the direction, conduct, management or superinterdence of the affairs of the company.

Shareholders

106 As per Sec2 (6) of the Companies Act, the director has certain duties to discharge. Which of the following is not true at the duties of the director?

Fiduiciary Duties

107 No corporate, association or firm can be An Individual appointed as a director of a company. To be appointed as a director of a company, public authorities prescibe some qualifications.

108 Who among the following cannot remove the Executive Directors directors from the office? Of The Company

109 To ensure better governance practices a Small Size strategic board should be all of these Except

110 A person having great responsibility in the matter of employment and dismissal of the CEO.

Shareholders

111 For better governance, the board should ensure

Total Commitment To The Company

112 Which act provides a negative definition of an independent director

Government Act

113 Which of the following is/are example of creditworthy corporate practices?

Professionalism Exhibited By Tata Boards

114 What should be the highest priority of the boards?

Better Corporate Performance Through Legitimate & Transparent Policies

115 What percentage of independent external directors should be on board who can advise,admonish & control operation management?

Upto 40%

116 Which of the following factors are responsible for a betterment in the family owned concerns.

Market Forces & Competition Force Professionalisation

117 Prohibition of Tax-free Payments comes under which section

Sec200 Of Companies Act

118 The total managerial remuneration payable by a public limited company to its director and its managers shall not exceed by how much percentage of profit?

15%

119 What are the key corporate governance issues in the matter of directors remuneration?

Transparency

120 What are the responsibilities that are normally assigned to a remuneration committee?

Company Superannuation And Pension Arrangement.

121 Which of the following is not a prohibited service for an auditor under Setion 226A of the Companies (Amendment) Bill, 2003?

Management Funtions

122 When did Companies (Amendment) Bill, 2003 and Companies (Auditors Report) Order (CARO), 2003 came into effort? 123 Which of the following is not a responsibility of an auditorunder the Companies (Auditors Report) Order (CARO), 2003?

17th May And 11th July, Respectively To Ensure Whether A Term Loan Has Been Used For The Purpose It Was Taken. THE FIRST STAGE: The Decade Of 1950s And 1960s Any Person Who Has A Direct Financial Interest In The Company. Corporate Fairness

124 This was the era when the concept of Zero Base Budgeting, Capacity Utilisation and Product Profitability gained importance with the onset of global competition. 125 Under the Section 226 of the Companies (Amendment) Bill, 2003, who can be appointed as an auditor for a company?

126 Auditors do not help in promoting 127 Identify Which is not a type of audits

Financial Statement Audit 128 _______ Auditors areusually reffered to as Government certified public accounts firms Auditors 129 _______ Is a representative of shareholders, Broker forming a link b/w govt. Agencies,stockholders, investors and creditors

130 _______Works in various local state or central govt. Agencies performing financial, compliance and operational audits 131 The obejective of the quality control policies to be adopted by an audit firm will not encorporate 132 Which one is not a provision in SOX Act regarding Auditors

Auditing Firms

Consultation

Audit Patner Rotation

133 ________Comprises of independent Audinting Firms directors and is responsible for appointment, fixing of fees and oversight of the work 134 Which one id not a malpractice in a company Window Dressing 135 Mark the statement which is incorrect Auditor Has To Ensure That His Work Involves Exercise Of Judgement

136 The no of years the same auditors cannot be appointed as per Naresh Chandra and the R.D.Joshi committees 137 If an auditor is found guilty of unethical practices then imprisonment is for 138 Which of the following is not a duty of an auditor

More Than 5 Years

2years Full Disclosur Of All Details Of Transactions Manufacturing And Other Companies Auditors Report Order

139 MAOCARO stands for

140 Companies Amendment bill was introduced 2011 in 141 A corporation is an artificial being, invisible, John Marshall intangible, & existing only in the contemplation of the law. Who said this-?

142 In Agency Theory, which condition holds true-?

Managers Are The Principals & Shareholders Are The Agents

143 Members may come & members may go, but Common Seal the company goes on forever. Which characteristic of company states this-? 144 What is the full form of RSA? Royal Society Of Arts 145 Stewardship theory defines? Manager Act As An Agent

146 On the basis of situational mechanism what the agency theory says?

147 On the basis of psychological mechanism what is true about Stewardship theory?

Cultural Difference Revolve Around Individualism And Large Power Distance Social Comparison Is Between Compatriots Behavior Towards Government Agencies Social Concern

148 What are the obligations of the management towards the customer for good corporate governance? 149 What are the obligations of the management towards the investors for good corporate governance? 150 In which Stock exchange Tata steel is listed and traded 151 What is the aim of the Global Business Coalition on HIV AIDS by TATA as Social Investment

BSE,NSE Check The Growth Of The Disease Of With The Help Of Over A Hundred Major International Companies For Protect The Interest Of Shareholders Only

152 Why the Tata steel adopted Tata code of conduct and audit committee system of evaluation

153 What is a ERA procedure by which Tata's Evaluation, community projects are evaluated stand for? Responsibility And Accountability 154 Under which theory, Board composition, Stake Holders financial treporting, disclosure and auditing Theory are necessary mechanisms to promote equity and fairness in the society is discussed? 155 Which Theory considers the firm as an inputoutput model by explicitly adding all interest groups? 156 What are the obligations of the management towards the Society for good corporate governance? 157 According to which the following statement is true "rights of all shareholders irrespective of there are local or foreign,large or small, majority or minority are equally protected. 158 Encouraging whistle blowing is the obligation of the management towards the 159 What is consensus oriented? Sociological Theory

Humane Treatment

Participative And Collaborative Environment

Customer Understanding Of Financial, Legal And Environmental Issues Not Only Work Ethically And Comply With All The Rule Sand Regulation But Also Work For Improvement Of The People In The Community Cadbury Committee

160 What is corporate citizenship?

161

162 163

The objective to rasie the standards of Corporate Governance and the level of confidence in financil reporting and auding was the objective of Corporate Governance gained importance BCCI Scandal after which scandal? In England the seeds of modern corporate BCCI Scandal governance was sworn by which government?

164 165 166 167

When was Cadbury Committe incorporated? 1995 When was Greenbury Committe 2000 incorporated? When was Hampel Committe incorporated? 1997 The Paul Ruthman Commitee was consituted to deal with the contovertial point of which report? Under Greenbury Committee, CBI stands for? When was Turnbull Committe incorporated? Turnbull Committee was set up by: which is one of the earliest international organisation to study the issue of corporate governance ? Mckinsey, the international management consultant organisation, conducted ther survey with how many sample size of the company? The SOX Act is a sencere attempt to address the issues associated with: SEBI appointed a comittee on corporate governance on whicch date?> SEBI appointed a comittee on corporate governance with how many members The SOX Act provides for mandatory rotation of the lead auditor, coordinating Partner and the partner reviewing audit once every: Which Committee was appointed as a high level committe to examine various corporate governance issues by the department of company affairs? The Government Of India consittuted an expert committe on company law on 2nd Dec. 2004 under the chairmanship of? The mandatory recommendation of KumarMangalam Birla Committee is applicable to all listed companies with paid up capital of: OPC means: Cadbury Report

168 169 170 171

Central Board of India 1880 ICAEW RBI

172

188

173 174 175 176

Government Failute 7th May, 1999 18 7

177

Naresh Chandra Committe

178

Naresh Chandra

179

3 crore and above

180

Oriented Person Company

181 182

183 184 185 186 187 188 189 190

When did president John F Kennedy declared the 4 rights of consumers? When did the UN secretary general submitted the draft guidelines for consumer protection? Which one of the following is not an financial institutional investor? Which of the following is a right of COPRA? Who owns the Birla committee?

15 March , 1962 1993

IFCI Right to safety Kumar Mangalam

Which of the following is not a kind of debt Diffused Debt provided to corporates? Which of the following is a step of CSR? Identify Key stakeholders Which of the following is not a factor Share price influencing Investment decisions? Interest of employees cannot be protected Trade union through which of the following? Which of the guidelines are used for deciding Regularity employee representation and organisation? Which one of the following is not an important element of credit monitoring and control in market economies? Who are stakeholders in an organization? Market Oriented

191

192

Determine operational issues

193

Which are the following are four type of institutional investors in India?

Bonds, Development oriented institutions, insurance companies, Mutual Funds

194 195

196

The consumer protection act was 1976 incorporated in the year? A corporate exists not only for the benefit of "TRUE" the shareholders but also to serve the interest of the shareholder? A consumer disputes redressal forum is also District forum known as

197 198 199 200

Which of the following is not a factor influencing Investment decisions? An organisation needs the following to create wealth Interest of employees can be protected through Consumer protection act was amended in-

Corporate image Capital Trade union 1986

Choice B Sheltered Market

Choice C

Choice D

Correct Answer optionA

Limited Access Inefficient To Global Market Framework

Illegal Tacits Of Indian Corporates

Series Of Scams

None Of The Above

optionB

A And C

B And D

All Of Them

optionC

Composition Of Board And Related Issues

Combining The Director's And Role Of Ceo And Executive Chairman Remuneration

optionC

Shareholder's Interest Combining The None Of The Are Considered Role Of Ceo And Above More Over Rest Of Chairman The Stakeholders

optionD

Organizations Main Managers Act In Power Distribution optionA Objective Is Profit Self Interest Among Maximization Stakeholders Greenbury Committee Cadbury Committee Hampel Committee optionA

Greenbury Committee

SOX Act

Hampel Committee

optionC

Mid Level

Top Level

All Levels

optionC

IT Scam

Harshad Mehta Scam

Mutual Fund Scam optionC

Low Level Employees

Middle Level Employees

Both (A) & (C)

optionD

2003

2004

2000 optionB

Sox Act

Cadbury Committee

Greenbury Committee

optionA

Society

Management

All Of The Above optionB

Greenbury Committee

SOX Act

Hampel Committee

optionB

Are Shareholders In Dominate The Key Competitors. Strategy Development Process In An Organisation.

Determine optionA Operational Issues.

The Federation Of Indian Chambers Of Commerce And Industry

The Finance Of Indian Chambers Of Commerce And Industry

The Finance Of International Chambers Of Commerce And Industry

optionB

Disclosure And Transparency

Responsibities Of Full Disclosure Of optionD The Board Of All Details Of Directors Transactions

FALSE

Cant Say

None Of The Above

optionA

Integrity

Openness

Acceptability

optionD

1983

1980

1982 optionA

Banglore

Hyderabad

Mumbai

optionB

10000000

10000

1000000 optionC

GDM,C-Life CG, CSR And Prnciple And PRIDE PRIDE

GDM,PRIDE And optionA CG

Nse

Nasdaq

Dow Jone

optionC

Most Admired Knowledge Enterprises

Most Admire Knowledgable Enterprise

Most Acknowledged Knowledge Enterprise

optionB

Nandan Nilekani

Phaneesh Murthy A T Kearney

optionB

Proactive Reposition Processing @ Infosys For Repository @ Driving Excellence Infosys For Driving Excellence

Process Repository optionA @ Infosys Driving Excellency

Employees In Giving Employees To A World Class Take Decisions Enviornment

Employees For Open Communication

optionA

Corporate Governance

Us Gaap

Cost Cutting Techniques

optionC

Glass Celing

Bad Corporate Goveranance Of Infosys

Gender In Equality optionA At Infosys

Narayan Murthy Trust

Infosys Charitable Infosys India Trust optionA Trust

Kumar Mangalam Birla Committee

Sarbanes Oxley Act

Hampel Committee

optionB

Brand Equity

Planning And All The Above External Contacts

optionD

Planning And External Contacts

Brand Equity

None Of The Above

optionA

Narayan Murthy Protecting The Interest Of Employees

Phaneesh Murthy A T Kearney Protecting The Protecting The Interest Of Board Interest Of Of Director Outsiders

optionB optionA

Effective And Efficent Utilization Of Firms Overall Resources

Effective And Efficient Utilization Of Man Power

None Of These

optionA

Audit Committee,Risk Management And Compensation Committee

Disaster Management Committee,Nomi nation Committee And Compensation Committee

Audit optionA Committee,Nomin ation Committee And Greviance Settelment Committee

Goals And Better Corporate It Employee Maximization Of Goverance In An Commitment To Shareholder Wealths Organization Work

optionB

To Maximize Shareholders Value

Enhance The Integrity And Efficiency Of The Capital Market

To Make Organizations More Visibly Accountable To A Wider Range Of Stakeholders Eliminate The Prospect Of Fraud Within An Organization

To Ensure That Regulatory Frameworks Are Adhered To

optionB

Enhance The Reliability And Quality Of Public Financial Information

optionC

Managers

Shareholders

Regulating Entities optionA

He Has A Right To Participate In Declaration Of Dividends And Receive His/Her Dividends Duly

He Is Entitled To Inspect And Obtain Copies Of Minutes Of Proceedings Of General Meetings

He Cannot Make A optionD Petition To The High Court For The Winding Up Of The Company

Agency Costs

Economies Of Scale

Economies Of Scale

optionB

They Must Show A Greater Degree Of Interest And Involvement In The Appointment Of Directors And Auditors

They Should NONE OF THE Demand ABOVE Complete Information About Directors After Approving Their Directorship

optionC

Obtaining Relevant Information On The Company On A Timely And Regular Basis

Participating And ALL OF THE Voting In ABOVE Shareholder Meetings

optionD

Corporate Guidance Corporate Governance

Corporate Control optionC

Sebi

Nsdl

None Of The Above

optionB

21

19

17 optionC

Turnbull Committee Hampel Committee Expertise In Specific Names Of The Functional Areas Companies In Which The Person Also Holds Directorship

Kumar Mangalam optionD Birla Committee All Of The Above optionD

Agm Should Not None Of The Held At Above Inconvenient Venue Or Timing

All Of The Above optionB

Displaying Of Non Executive ALL OF THE Quaterly Results On Directors Should ABOVE Website Look Into Redressing Of Shareholders Complaints

optionB

Increased Agency Costs

Both A And B

None Of The Above

optionC

Shareholders Incur Monitoring Cost

Separation Of Ownership And Management

All Of The Above optionD

3 Months

1.5 Months

2.5 Months

optionB

Board Of Director

Management

ALL OF THE ABOVE

optionA

To Receive A Statutory Report Made By Auditor.

Obtain Copies Of All Of The Above optionB Minute Of Proceeding Of Gm Bt Can't Inspect Them

The Registers Of Investment Held By The Company In Its Own Name

The Registers Of Investment Not Held By The Company In Its Own Name

The Registers Of Investment Held By The Company In Its Own Name As Well As By The Third Party.

optionC

Companies Performance

Both

None Of The Above

optionC

Putting In Place Mechanisms

Only A

Both A And B

optionD

Trustor And Trustee Both A Or B

None Of The Above

optionA

Outsiders

Both A Or B

None Of The Above

optionA

Creditors

Both A Or B

None Of The Above

optionC

Insider Trading

Both A Or B

None Of The Above

optionA

Investor Protection

Both A Or B

None Of The Above

optionB

FALSE

Cant Say

Dont Know

optionA

Uti Crises

Both A Or B

None Of The Above

optionC

Corporate Governance

Both A Or B

None Of The Above

optionA

FALSE Investor Protection

Cant Say Working Of Companies

Dont Know Check On Board Of Directors

optionA optionB

Companies Act

Central Govt

Moa Of Company optionA

Complaints Against Companies Listed For Trading On Stock Exchange

Complaints Financial Intermediaries, Sub Broker Agents, Merchant Bankers, Issue Managers Etc.

Complaints Agaist optionD The Non Listed Companies And Its Members

Stock Exchanges

Regulatory Agencies

All The Above

optionD

1993

1992

2001

optionC

Ramalinga Raju

Sucheta Dalal

R. Srinivasan

optionA

Satyam Computers

TCS

Infosys

optionB

Grievance Redressal Law Enforcement Tone Up Quality Mechanisms Of Disclosures

optionD

5000 Million

170 Million

25000 Million

optionA

Any Other Elements Both A And B Of The Related Party Transaction Necessary For An Understanding Of The Financing Transactions

None Of The Above

optionC

Mukesh Ambani

Y.P. Trivedi

Anand Jain

optionC

Raashid Alvi

Digvijay Singh

None Of The Above

optionB

Roc

Department Of Both A And C Corporate Affairs

optionA

297

278

299 optionA

1977

1980

1981 optionB

Anil Ambani

Both A And B

None Of The Above

optionA

Anil Ambani

Both A And B

None Of The Above

optionB

Reliance Oil And Gas

Reliance Infocomm

Reliance Textiles

optionC

D V Kapoor

Anand Jain

Y P Trivedi

optionA

Coal India

L&T

Tata Telecom

optionC

297 292 A

300 optionC

Raashid Alvi

Y.P. Trivedi

Anand Jain

optionD

Reliance

ITC

TCS

optionB

S Venkitaramana

Y.P. Trivedi

All Of The Above optionD

Mukesh Ambani

Anand Jain

None Of The Above

optionA

Cabinet Act

Cabinet Secrecy Act

Companies Act

optionA

2001

2003

2002 optionA

Insider Trading

Conflict Of Shareholders Interest

None Of The Above

optionA

M V Kamath

J L Kellog

Raashid Alvi

optionA

Negligence

Ultra Vires Act

Misfeasance

optionC

Acted Honestly

Having Regar To All Of The Above optionD All Circumstances Of The Case, He Ought Fairly To Be Excused

Section 290

Section 203

Section 202

optionB

Director Not Duly Appointed And Dont Act As A Director

Director Not Duly Director Appointed optionC Appointed But As Per Law Acts As A Director

Executive Committee Members

None Of The Above

optionC

Duties Of Care, Skill Duties Not To And Diligence Interfare In The Board Meetings, Because It Is The Responsibility Of Executive Directors Only

Duties Not To optionC Delegate Their Functions Except To The Extent Authorized By The Act Or The Constitution Of A Company And To Disclose His Interest

Competent To Enter Hold A Into A Contract Qualification If So Required By The Articles Of Association

All Of The Above optionD

Federal Govt.

Shareholders

The Company Law optionA Board

Independent

Smaller Vision

Well-Informed

optionC

Directors

Executive Committee Members

None Of The Above

optionB

Steer Discussion Properly

Efficient CEO

All Of The Above optionD

Companies Act

Contract Act

Special Provision Act

optionB

Infosys Technologies Polaris Board's Proactive Board Advice To Management

All Of The Above optionD

Ensure Long Term Commitment To Maximisation Of Corporate Social Shareholder Value & Responsibilty Wealth

Have Vision,Values & Responsibilties Well Defined

optionB

Upto 50%

Upto 60%

Upto 70%

optionB

Emergence Of Board Transparency In All Of The Above optionD Committees Reporting & Full Financial Disclosures

Sec 297 Of Companies Act

Sec 372a Of Companies Act

Sec 162 Of Companies Act

optionA

11%

10%

9% optionB

Pension For, Non Severance For Executive Directors Payment

All Of The Above optionD

Remuneration Packages For Shadow Directors

The Committee Shall Make A Statement In The Company's Annual Report About Its Activities

Review The optionA Balance And Composition Of The Board And Its Committees, Ensuring That They Remain Appropriate

Actuarial Services

Enquiring Whether Loans And Advances Made By The Company Have Been Shown As Deposits

Internal Audit

optionC

7th May And 11th July, Respectively To Report Any Fraud On Or By The Company During The Uear Under Audit.

17th May And 1st 7th May And 1st optionD July, Respectively July, Respectively Accounting And Book Keeping optionD

To Report Defaults In Repayment Of Dues To Banks, Fis Or Debenture Holders THE SECOND THE THIRD STAGE: The Period STAGE: The Between 1970 And Years Between 1985 1985and 1990 Any Person Who Any Personwho Has Been In The Receives Any Employment Of The Loan Or Company Gaurantee From The Ompany Customer Transparency Relationships Management Audit Operational Audit Internal Auditors Director Independent Auditors Auditing Firms

THE FOURTH STAGE: The Era Since 1991 Any Independent Certified Public Accountant

optionC

optionD

Accountability

optionB

Compliance Audit optionB External Auditors optionC Auditor optionD

Government Auditors Monitoring

Senior Management Directing

Non-Executive Director Skill And Competency

optionB

optionC

Prohibition Of Non- No Responsibility Conflict Of Interest optionC Audit Services For Financial Reports Audit Committee Sox Act None optionB

Audit Report

Manipulation Of optionB P&L Acc. Auditor Is Not Auditors Check Auditor Is Not optionD Expected To Perform About Relevent Responsible For Duties Which Fall Information Is Forming And Outside The Scope Properly Expressing His Of His Competence Disclosed In The Opinion Financial Statements More Than 2 Years More Than 10 More Than 1 Years optionA Years 6 Months 7 Years 10 Years optionC

Hedge

Reviewing Of Report To Board Financial Statements Of Directors On Behalf Of Management Manufacturing And Manufacturing Other Countries And Other Auditors Report Companies Order Auditors Report Office 2001 2003 Adam Smith Justice Lindlay

Evaluating And optionC Understanding Internal Control System Manufacturing optionA And Other Companies Auditors Research Order 2002 optionC Narayan Murthy optionA

Shareholders Are The Principals & Managers Are The Agents (Correct Answer) Artificial Legal Existence Road Safety Authority Owners Attitude Is To Take Risk

Shareholders Managers Work Work As Agents As Agents & & Principals Principals Both Both. Common Seal Perpetual Succession

optionC

optionD

Cultural Difference Revolve Around Collectivism And Small Power Distance Motivation Revolves Around Lower Order Need And Extrinsic Need Managing The Whole Time Directors Humane Treatment

Republic Of South Africa Manager Motivated By Their Own Objectives Time Frame Is Long

Russian Federal optionA Space Agency Principal- Manager optionB Relationship Is Based On Control Risk Orientation Is optionA Done Through Trust

Social Comparison Between Principals Product At Affordable Price

Power Rests With optionC The Institute

Encouraging Whistle Blowing

optionC

Encouraging Gift And Donation optionC Whistle Blowing BSE Delhi Stock Exchange Both A And C optionA optionD

NSE

To Develop Centers Gbc Encourages For Research To Companies To Cure Hiv Bacteria Campaign With Imagation And Consistency In Order To Improve For Increase In The Internal Profit Management System

Both A And C

optionB

Expected Revenue Accounting

Evalution, Reasonability And Accountability Sociological Theory Agency Theory

None Of These

optionA

Stewardship Theory

optionB

Agency Theory

Stake Holders Theory

Stewardship Theory

optionC

Fair Employment Practices Trusteeship

Participative And National Interest optionD Collaborative Environment Accountability Humane Treatment optionB

Employee Understanding Of Historical, Cultural And Social Context Of The Society Work For Shareholders Benefit Only

Society

Investors

optionB

Understanding Of Understanding Of optionB Customers Investors Behavior Behavior Comply With All Operate In An The Rules And Environment Regulation Friendly Manner optionA

Greenbury Committe Paul Ruthman Commitee

None of the above optionA

Watergate Scandal Watergate Scandal

Both Both

None of the above optionB None of the above optionA

1885 1995 1990 Combined Code Report Confedeartion of British Industry 1999 ICW World bank

2000 1875 1875 Hampel Report

1992

optionD

None of the above optionB 1995 All of the above optionD optionA

Combined Board None of the above optionB of India 1875 1886 optionB ICAU Central bank ICR Federal bank optionA optionB

200

201

300

optionA

Corporate Failure 7th March 2000 8 8

Client Failure 7th March 2001 9 5

All of the above 7th May 2000 10 6

optionB optionA optionA optionC

Kumar Mangalam Committee

Narayan Murthi Committee

Greenbury Committe

optionA

Dr. J.J. Irani

Narayan Murthi

None of the above optionB

1 crore

50 lakhs

25 lakhs

optionA

Only Person Company

One Person Company

None of the above optionC

15 March, 1963 1983

14 May, 1991 1972

16 July, 1973 1969

optionA optionB

IDBI Right to choose Parito Ghosh Concentrated Debt Internal monitoring Corporate image Regularity Predetermined formula Competition in the market Are shareholders of the organization

HDFC

ICICI

optionC optionD

Right to be heard All of the above

AN Subramaniam None of the above optionA Unsecured Debt None of the above optionC

Both of the above None of the above optionC Investor communication Profit sharing Clear distinction Creditor monitoring Equity sharing All of the above optionD optionB optionD

Market oriented credit incentives

Legal framework for collection

optionB

Depend on the organization for their own goals and vice-versa Mutual funds, Development insurance companies, oriented banks, bonds institutions, insurance companies, Mutual Funds, banks 1979 1988 "FALSE" N.A

Dominate stratergy optionC making process

insurance optionC companies, banks, bonds Development oriented institutions, 1986 N.A optionD optionA

State commission

National commisssion

All of the above

optionA

Share price Labour Co- Determination 1967

financial results and solvency Human capital

Site and location All of the above

optionD optionD

Both of the above None of the above optionC 1965 1959 optionA