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Final PN-13 Corporate and Economic Laws Quiz 2

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Created on By CA Sonal Saboo

CMA Final

Final Corporate and Economic Laws PN-13 Quiz 2

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. Maximum remuneration to all managerial personnel is-

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Category: Corporate and Economic Laws PN - 13

2. The eligibility and conditions of appointment of MD is mentioned in Schedule

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Category: Corporate and Economic Laws PN - 13

3. Section 203 provides for appointment of

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Category: Corporate and Economic Laws PN - 13

4. Managing Director’s appointment is ratified in AGM through-

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Category: Corporate and Economic Laws PN - 13

5. A company may remove a director with –

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Category: Corporate and Economic Laws PN - 13

6. A director may be appointed by small shareholder. Small shareholder means, shareholders who hold shares worth of face value of maximum,            

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Category: Corporate and Economic Laws PN - 13

7. If a person other than retiring director is proposed, a cheque of                 is to be deposited with the proposal.

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Category: Corporate and Economic Laws PN - 13

8. A whole time director is appointed for a term of:

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Category: Corporate and Economic Laws PN - 13

9. Section 184 of the Companies Act provides for:

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Category: Corporate and Economic Laws PN - 13

10. A women director has to be there is the company is:

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Category: Corporate and Economic Laws PN - 13

11. Alternate director may be appointed when the additional is out of India for at least       

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Category: Corporate and Economic Laws PN - 13

12. Additional director’s tenure is up to       

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Category: Corporate and Economic Laws PN - 13

13. Auditor can render the following additional service to the company where he is auditor:

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Category: Corporate and Economic Laws PN - 13

14. First Auditor is appointed by-

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Category: Corporate and Economic Laws PN - 13

15. CARO,2020 is effective from: -

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Category: Corporate and Economic Laws PN - 13

16. Auditors Report is addressed to:

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Category: Corporate and Economic Laws PN - 13

17. In case of private company, internal auditor has to be appointed if the turnover is:

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Category: Corporate and Economic Laws PN - 13

18. The Financial statements are to be filed with the Registrar within-

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Category: Corporate and Economic Laws PN - 13

19. CAG stands for:

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Category: Corporate and Economic Laws PN - 13

20. In normal course, the Board’s Report is signed by –

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Category: Corporate and Economic Laws PN - 13

21. A statutory Auditor shall be-

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Category: Corporate and Economic Laws PN - 13

22. NFRA stands for:

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Category: Corporate and Economic Laws PN - 13

23. Directors Responsibility Statement is a part of: -

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Category: Corporate and Economic Laws PN - 13

24. A practicing Chartered Accountant may be appointed as Auditor for term of:

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Category: Corporate and Economic Laws PN - 13

25. Once declared, the amount of dividend shall be transferred to special dividend A/c within

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