/25

0 votes, 0 avg

Created on February 27, 2026 By

CA Sonal Saboo

CMA Final

Final Corporate and Economic Laws PN-13 Quiz 9

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.

1 / 25

Category: Corporate and Economic Laws PN - 13

1. The cases under PMLA can be tried n:

a. Common courts

b. High courts only

c. Special designated courts

d. none of the above.

2 / 25

Category: Corporate and Economic Laws PN - 13

2. The Money Launderer introduces the illegal funds into the financial systems. This is called:

a. Placement

b. Layering

c. Integration

d. None of the above

3 / 25

Category: Corporate and Economic Laws PN - 13

3. Reporting authority shall send the KYC data to Central Registry within days

a. 5

b. 10

c. 15

d. 20

4 / 25

Category: Corporate and Economic Laws PN - 13

4. STR stands for:

a. Suspicious Trade Report

b. Special Trade Reserve

c. Suspicious Transaction Reports

d. Special Trade Reports

5 / 25

Category: Corporate and Economic Laws PN - 13

5. In part B of the schedule, offences involved a value of Rs. is mentioned.

a. 15 Lakh

b. 50 lakh

c. 75 lakh

d. One crore

6 / 25

Category: Corporate and Economic Laws PN - 13

6. FIU stands for:

a. Financial Intelligence unit

b. Financial Issue unit

c. Featured Intelligence Unit

d. None of the above

7 / 25

Category: Corporate and Economic Laws PN - 13

7. Every reporting entity shall maintain record of:

a. all transactions in cash of more than Rs.10 lakhs.

b. All series of integrated transaction below Rs.10 Lakh per month

c. All transaction of receipt of Rs.10 lakhs and more on its equivalent foreign currency

d. All of the above

8 / 25

Category: Corporate and Economic Laws PN - 13

8. Access someone’s computer without the right authorization of the owner and does not disturb, alter, misuse, or damage data or system by using wireless internet connection, is called:

a. Squatting

b. Vandalism

c. Hacking

d. Trespass

9 / 25

Category: Corporate and Economic Laws PN - 13

9. Which of the following is not an cyber Offence to Public

a. Terrorism

b. Warfare:

c. Piracy

d. Data alteration

10 / 25

Category: Corporate and Economic Laws PN - 13

10. Which among the following is not a Cyber crimes under the IT Act:

a. Tampering with Computer source documents.

b. Hacking with Computer systems, Data alteration.

c. Publishing obscene information

d. Sending threatening messages by email

11 / 25

Category: Corporate and Economic Laws PN - 13

11. Information Technology (Reasonable Security Practices And Procedures And Sensitive Personal Data Or Information) Rules, 2011.

a. only apply to bodies corporate and persons located in India.

b. only apply to bodies corporate and persons located out of India.

c. Apply to individuals

d. All of the above

12 / 25

Category: Corporate and Economic Laws PN - 13

12. Decision of Cyber appellate Tribunal can be appealed to;

a. High Court

b. supreme Court

c. None of the above

d. not appealable

13 / 25

Category: Corporate and Economic Laws PN - 13

13. The key benefits that businesses can get from BI applications include the ability to:

a. speed up and improve decision- making;

b. optimize internal business processes;

c. increase operational efficiency and productivity;

d. all of the above

14 / 25

Category: Corporate and Economic Laws PN - 13

14. OSBI stands for

a. Operational source Business Inteeeligence

b. Open source business Innovation

c. Open source Business intelligence

d. none

15 / 25

Category: Corporate and Economic Laws PN - 13

15. Information Technology (Reasonable Security Practices And Procedures And Sensitive Personal Data Or Information) Rules, was notified in the year:

a. 2011

b. 2012

c. 2013

d. 2014

16 / 25

Category: Corporate and Economic Laws PN - 13

16. Which among the following is not an offence under IT Act.

a. tampering with computer source documents.

b. hacking: destruction, deletion, alteration of nay data in any computer with an intention of damage/injury

c. misrepresentation to controller or certifying authorities

d. Controller of Certifying Authority

17 / 25

Category: Corporate and Economic Laws PN - 13

17. Certifying Authority get licence to operate from:

a. Ministry of IT

b. SEBI

c. Controller of Certifying Authority

d. none of the above

18 / 25

Category: Corporate and Economic Laws PN - 13

18. While calculating the value of assets for ascertaining the classification, the value of the following is excluded.

a. any sales

b. domestic sales

c. exports

d. none of the above

19 / 25

Category: Corporate and Economic Laws PN - 13

19. While calculating the value of assets for ascertaining the classification, the value of the following is excluded.

a. land

b. furniture and fittings

c. none of the above

d. both of the (1) and (2)

20 / 25

Category: Corporate and Economic Laws PN - 13

20. IF a unit has investment in plant an equipment of Rs.55 crore and turnover of Rs.300 crore. It will be classified as:

a. micro

b. small

c. medium

d. none of the above

21 / 25

Category: Corporate and Economic Laws PN - 13

21. NSIC stands for:

a. National Social Institute Corporation

b. National Small Institute Corporation

c. National Scheme for Industries and companies

d. National Small Industries Corporation.

22 / 25

Category: Corporate and Economic Laws PN - 13

22. In the case of fire and motor accident insurance the insurable interest has to be present

a. both at the time of taking the policy and at the time of the accident

b. At the time of taking the policy

c. At the time of happening of the event

d. None of the above

23 / 25

Category: Corporate and Economic Laws PN - 13

23. The amount of indemnity may be limited by certain conditions which may be:

a. Injury or loss sustained by the insured has to be proved.

b. The indemnity is limited to the amount specified in the policy.

c. The insured is indemnified only for the proximate causes.

d. Any or all of the above.

24 / 25

Category: Corporate and Economic Laws PN - 13

24. “life insurance business” means the business of effecting contracts of insurance upon human life, including any contract whereby the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, and any contract which is subject to payment of premiums for a term dependent on human life and shall be deemed to include:

a. the granting of disability and double or triple indemnity accident benefits, if so provided in the contract of insurance

b. the granting of annuities upon human life, and

c. the granting of superannuation allowances and benefits payable out of any fund applicable solely to the relief and maintenance of persons engaged or who have been engaged in any particular profession, trade or employment or of the dependents of such persons.

d. all the above

25 / 25

Category: Corporate and Economic Laws PN - 13

25. The Insurance Laws (Amendment) Act, was passed in the year

a. 2015

b. 2016

c. 2017

d. 2018

NamePhone Number

Your score is

The average score is 0%

Final PN-13 Corporate and Economic Laws Quiz 9

Best CMA Coaching Institute in Jaipur with Affordable Fees – Join Dhruv Classes for Success!

About CMA

About DCC

Ahinsa Circle Branch

Tonk Road Branch