Final PN-13 Corporate and Economic Laws Quiz 12

1. What happened to the Ministry of Small Scale Industries and Agro and Rural Industries in September 2001?

2. As per Section 134(6), The Board‘s report and any annexures thereto shall be signed by ?

3. In which section, The Directors’ Responsibility Statement referred?

4. If the financial statements of a company do not comply with the accounting standards, what must the company disclose?

5. As per Rule 38 of the Companies (Incorporation) Rules, 2014,What is SPICe+?

6. Which of the following is NOT allowed for a Section 8 company?

7. When a joint venture is formed without registering a company, it is called a:

8.            business intelligence tools put BI and data visualization functionality directly into business applications. That enables business users to analyze data within the applications they use to do their job.

9. PMEGP Scheme stands for?

10. When was the Ministry of Small Scale Industries and Agro and Rural Industries originally created?

11. Under the Insurance Regulatory and Development Authority Act, 1999, who has the right to remove difficulties or impediments by making notification in the Official Gazette?

12. According to the definition, a suspicious transaction:

13. In which year was the Central KYC Registry constituted?

14. where two persons claim for the same Domain Name either by claiming that they had registered the name first on by right of using it before the other or using something similar to that previously.Which type of Cyber crime it is?

15. False ATM cards i.e. Debit and Credit cards used by criminals for their monetary benefits through withdrawing money from the bank account mala-fidely.

16. Rule 3 of the 2011 Rules provides a list of items that are to be treated as

17. As per Information Technology Act, CCA stands for?

18. Which section of the Information Technology Act explicitly provides that whenever a corporate body possesses or deals with any sensitive personal data or information, and is negligent in maintaining a reasonable security to protect such data or information, which thereby causes wrongful loss or wrongful gain to any person, then such body corporate shall be liable to pay damages to the person(s) so affected

19. FIU-IND is an independent body reporting directly to the                headed by the Finance Minister.

20. In the The Prevention of Money Laundering Act, 2002, Every Scheduled Offence is a            .

21. In which Stage, the Money Launderer typically engages in a series of continuous conversions or movements of funds, within the financial or banking system by way of numerous accounts, so as to hide their true origin and to distance them from their criminal source.

22. The Prevention of Money Laundering Act, 2002 consists of ten chapters containing

23. The MSME Emergency Credit Line Guarantee Scheme (ECLGS) was launched primarily to:

24. The burden of proving proximate cause of loss lies on the:

25. Which of the following is a permissible measure under asset reconstruction?

26. Asset Reconstruction Company must not have incurred losses in any of the                 preceding financial years for registration.

27. Under what conditions can RBI apply for the winding up of a bank?

28. As per Section 19, banking companies require prior approval of RBI to:

29. Which non-resident entities are eligible to provide credit enhancement to domestic rupee debt instruments?

30. A person has been maintaining an account with an Authorized Dealer bank for only 6 months. Can they remit under LRS?