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Final PN-13 Corporate and Economic Laws Quiz 5

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Created on By CA Sonal Saboo

CMA Final

Final Corporate and Economic Laws PN-13 Quiz 5

This quiz is based on the CMA Corporate and Economic Laws paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA CEL concepts.

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Category: Corporate and Economic Laws PN - 13

1. The items under Schedule VII of the Act, should be:

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Category: Corporate and Economic Laws PN - 13

2. Corporate governance is more about:

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Category: Corporate and Economic Laws PN - 13

3. Economic approach to sustainability relates to:

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Category: Corporate and Economic Laws PN - 13

4. The ideal implementing agency of CSR projects, should be:

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Category: Corporate and Economic Laws PN - 13

5. The latest committee on Corporate governance was:

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Category: Corporate and Economic Laws PN - 13

6. corporate governance practices are almost                       by companies in India.

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Category: Corporate and Economic Laws PN - 13

7. Which , out of the following would not amount to Sustainable Development activity.

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Category: Corporate and Economic Laws PN - 13

8. which among the following would amount to undesirable practice by a senior executive of a company

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Category: Corporate and Economic Laws PN - 13

9. At which level corporate governance is more relevant in a company?

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Category: Corporate and Economic Laws PN - 13

10. Three Ps of triple bottom line are:

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Category: Corporate and Economic Laws PN - 13

11. A person shall not be eligible to submit a resolution plan, if such person, or any other person acting jointly or in concert with such person -

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Category: Corporate and Economic Laws PN - 13

12. A person under IBC is:

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Category: Corporate and Economic Laws PN - 13

13. Related party, in relation to a corporate debtor, means:

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Category: Corporate and Economic Laws PN - 13

14. The authority provided under the IBBI to administer and regulate the Law is:

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Category: Corporate and Economic Laws PN - 13

15. The following institutions are insolvency professional agency

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Category: Corporate and Economic Laws PN - 13

16. The Insolvency and Bankruptcy Board has power of ......................... Court in respect of issue of summons, discovery and production of books, inspection of books/registers and issue of commissions for examination of witnesses:

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Category: Corporate and Economic Laws PN - 13

17. With the introduction of IB code, the following laws have been repealed:

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Category: Corporate and Economic Laws PN - 13

18. Insolvency and Bankruptcy code 2016 is not applicable on:

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Category: Corporate and Economic Laws PN - 13

19. Under Insolvency Bankruptcy code 2016 where extension of time is requested, the Corporate Resolution process shall be completed within a period of                                                      from the date of admission of the application to initiate such process.

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Category: Corporate and Economic Laws PN - 13

20. During bankruptcy proceeding, bankrupt, shall:

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Category: Corporate and Economic Laws PN - 13

21. The adjudicating authority in case of personal insolvency is:

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Category: Corporate and Economic Laws PN - 13

22. A Resolution Professional may be replaced with of the voting rights of the Committee of Creditors

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Category: Corporate and Economic Laws PN - 13

23. As per section 22(1)The first meeting of the COC will be held within      days of constitution

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Category: Corporate and Economic Laws PN - 13

24. The RP has to manage the company as :

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Category: Corporate and Economic Laws PN - 13

25. In normal course, the corporate insolvency resolution process shall be completed within a period of     days from the date of admission of the application.

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