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Final PN-13 Corporate and Economic Laws Quiz 6

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Created on By CA Sonal Saboo

CMA Final

Final Corporate and Economic Laws PN-13 Quiz 6

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 Competition Act has replaced-

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Category: Corporate and Economic Laws PN - 13

2. For the appointment, reappointment, remuneration and removal of the director of a banking company, prior approval of .................. should be obtained.

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Category: Corporate and Economic Laws PN - 13

3. SEBI has three functions rolled into one body. Which of the following is not the function of SEBI?

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Category: Corporate and Economic Laws PN - 13

4. The purpose of the SEBI Act is to provide for the establishment of a Board called Securities and Exchange Board of India (SEBI). The Preamble to the Act provides for the establishment of a Board to:

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Category: Corporate and Economic Laws PN - 13

5. Takeover means

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Category: Corporate and Economic Laws PN - 13

6. Minimum face value of shares, can be:

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Category: Corporate and Economic Laws PN - 13

7. Which of the flowing do not require prospects

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Category: Corporate and Economic Laws PN - 13

8. At the time of IPO, the issuer has to have a:

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Category: Corporate and Economic Laws PN - 13

9. Maximum days for keeping an issue open is;

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Category: Corporate and Economic Laws PN - 13

10. Which of the following is the advantage of the family business over non-family business?

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Category: Corporate and Economic Laws PN - 13

11. The recommendation of the Audit Committee:

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Category: Corporate and Economic Laws PN - 13

12. Audit committee can:

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Category: Corporate and Economic Laws PN - 13

13. CG ratings are done by :

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Category: Corporate and Economic Laws PN - 13

14. Advantages of third party implementation of CSR prjects, are:

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Category: Corporate and Economic Laws PN - 13

15. Advantages of direct implementation of CSR activity by the company are:

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Category: Corporate and Economic Laws PN - 13

16. Which will not qualify as CSR expenditure

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Category: Corporate and Economic Laws PN - 13

17. A company sponsors the expenditure of a primary school of physically disabled students having 200 students. Three employees’ children, being physical disabled, have also been admitted in that school:

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Category: Corporate and Economic Laws PN - 13

18. Some of the reasons for which companies cannot practice good governance may be:

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Category: Corporate and Economic Laws PN - 13

19. A foreign entity cannot be:

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Category: Corporate and Economic Laws PN - 13

20. Corpoarate governance is close to:

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Category: Corporate and Economic Laws PN - 13

21. Clause 49A which was the first major compliance of corporate governance by listed companies was on the basis of recommendation of:

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Category: Corporate and Economic Laws PN - 13

22. The CSR fund earmarked for on going project, needs to be spent within:

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Category: Corporate and Economic Laws PN - 13

23. Every CSR activity is ultimately for the:

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Category: Corporate and Economic Laws PN - 13

24. When a company evaluates an implementing agency, first step is to:

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Category: Corporate and Economic Laws PN - 13

25. CG practises should target to keep balance amongst:

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