| Post Name | COMPANY SECRETARY CUM FINANCE MANAGER - KSDC FOR SC AND ST LTD |
|---|---|
| Question Paper Code | 054/2019/OL |
| Category Code | 082/2018 |
| Date of Test | 1 November 2019 |
| Medium of Question | ENGLISH |
| Exam Type | Online Examination |
| Total Questions | 100 |
1
.............. is the study of the science of law
Answer
A. Jurisprudence
2
The Right to Information Act, 2005 envisages constitution of Central Information Commission. Who is its chairman?
Answer
B. Prime Minister
3
A writ of ........, orders a lower court to deliver its record in a case so that the higher court may review it.
Answer
A. Certiorari
4
As per the Limitation Act, 1963, a period of .......... years is prescribed as a limitation period for suits by mortgagors for the redemption or recovery of possession of immovable property mortgaged.
Answer
D. 30 years
5
Information Technology Act, 2000, defines ............ as the key of a key pair, used to create a digital signature
Answer
A. Private Key
6
Before finalizing the issue price, in order to test the market .......... prospectus are issued.
Answer
C. Red herring
7
The basic purpose of Green shoe option is to act as stabilizing force when issue is
Answer
B. Over subscribed
8
What is the minimum amount of profit that companies should invest under CSR as per Companies Act 2013?
Answer
B. Two percent of the average net profits of the company made during the three immediately preceding financial years
9
According to section 63(1) of the Companies Act, a company may issue fully paid-up bonus shares to its members not out of
Answer
D. The reserves created by the revaluation of assets
10
In case of Non-Profit making Companies notice of general meeting should be given with in .............. days
Answer
A. 14
11
MUDRA provides refinance support to Banks / MFIs for lending to micro units having loan requirement upto ..........
Answer
D. Rs.10,00,000
12
Inactive Company means a company which has not made any significant accounting transaction during last ........... financial year(s).
Answer
B. 2
13
Section 13 of Companies Act 2013 provides that the name of company may be changed by
Answer
B. Passing special resolution at general meeting
14
The doctrine of ..... does not apply to acts void ab initio
Answer
D. Indoor Management
15
The Institute of Company secretaries of India constituted the Secretarial Standards Board (SSB) in the year ..... for formulating Secretarial Standards
Answer
B. 2000
16
A citizen of India who goes abroad for the purpose of employment, must stay in India to become resident for Income Tax purpose, at least
Answer
C. 182 days
17
For claiming exemption u/s 54 EC of Income Tax, amount to the extent of the capital gain should be invested:
Answer
C. Within 6 months from the date of transfer
18
Long-term capital loss of a particular assessment year can be set off in the same year from:
Answer
B. Long-term capital gain
19
The time limit for claiming refund under the GST law
Answer
C. 2 year
20
The first committee constituted in 2000, to design GST model was headed by
Answer
B. Asim Das Gupta
21
If the amount paid by the holding company for the shares of subsidiary company is more than its proportionate share in the net asset of the subsidiary company as on the date of acquisition, the difference is considered as .....
Answer
A. Goodwill
22
When shares are forfeited, share capital account is debited by
Answer
B. Called-up amount
23
Angle of incidence defines:
Answer
D. Post BEP rrelationship between total cost and total revenue
24
Present liability of uncertain amount which can be measured reliably by using substantial degree of estimation, is termed as:
Answer
B. Provision
25
in last year the current ratio was 3:1 and quick ratio was 2:1 Presently current ratio is 3:1 but quick ratio is 1:1. This indicates comparably
Answer
B. Higher Stock
26
Under factoring the factor acts in the capacity of
Answer
C. A holder for value
27
combination of forwards by two counterparties with opposite but matching need is called
Answer
D. Swap
28
..... is a specialised money market institution which was established in April 1988 with an objective to provide liquidity to money market instruments and to develop secondary market.
Answer
A. DFHI
29
..... is a service aimed at facilitating the assessment of equity issues offered to public?
Answer
B. Initial Public Offering Grading
30
Which of the following statements is not correct?
Answer
D. Dematerialised securities have distinct number
31
A scheme under which scheduled commercial banks can borrow additional amount of overnight money from the Reserve Bank by dipping into their Statutory Liquidity Ratio portfolio up to a limit at a penal rate of interest is known as
Answer
C. Marginal Standing Facility
32
Under ..... financial assistance is provided for a range of export promotion activities implemented by Export Promotion Councils and Trade Promotion Organizations on the basis of approved annual action plans.
Answer
A. Market Development Assistance
33
The NBFCs are allowed to accept public deposits for a minimum period of ..... and maximum period of .....
Answer
D. 12 months, 60 months
34
A contract creates
Answer
A. Rights in personam
35
A stipulation which is collateral to the main purpose of the contract and if proved false gives the buyer only a right to claim damages is known as
Answer
D. Warranty
36
Equal annual amounts occurring in the beginning of certain years are known as:
Answer
C. Annuity due
37
Percentage drop in sales to make the EBIT zero is 20%. What will be the degree of operating leverage?
Answer
B. 5
38
Which of the following is not considered in Linter's Model?
Answer
D. Preceding years EPS
39
In which of the following, permanent working capital is financed by long term sources of funds
Answer
A. Hedging approach
40
..... is a statistical technique of project management that manages well defined activities of a project
Answer
A. CPM
41
Which of the following is not a Corporate Governance Basic theory.
Answer
D. Functional Theory
42
A ..... is one, under which person who publicly complains concealed misconduct on the part of an organization or a body of people, usually from within the same organisation.
Answer
C. Whistle blowing mechanism
43
..... type of risk is associated with the whole market or market segment and is uncontrollable.
Answer
D. Interest rate risk
44
..... is an arrangement of as duties allocated in such a way that the work of one clerk is automatically checked by another
Answer
B. Internal check
45
..... is the difference between the total market value of the company and the economic capital.
Answer
C. Market Value Added
46
A Ltd. is a company incorporated outside India but all its board meetings are held in India during PY 2017-18. What is its residential status for income tax for AY 2018-19
Answer
A. Resident in India
47
Any sum of money, received as an advance in the course of negotiations for transfer of a capital asset is ....., if such sum is forfeited and the negotiations do not result in transfer of such capital asset.
Answer
D. Chargeable to income-tax under the head Income from other sources.
48
The cofee is grown, cured and further processed. For income tax purpose the agricultural income is .....
Answer
C. 60% agricultural and 40% non-agricultural
49
What is the time of supply of service for GST if Mr. A provides services worth Rs.20,000 to Mr.B on 1st January and the invoice was issued on 20th January and the payment for the same was received on 1st February.
Answer
B. 20th January
50
Express Pvt. Ltd. makes gifts to an employee worth Rs.45,000 during the year. Does such gifts qualify as a supply leviable to GST?
Answer
C. No, gifts not exceeding Rs.50,000 in value in a financial year by an employer to an employee shall not be treated as supply of goods or services.
51
..... is a merger between companies selling similar products in the same market and in direct competition and share the same product lines and markets.
Answer
A. Horizontal merger
52
an Inbound merger is one where a foreign company merges with an Indian company resulting
Answer
A. In an Indian company being formed
53
For amalgamation in the nature of merger, the shareholders holding at least ..... or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company
Answer
C. 90%
54
According to the Insolvency and Bankruptcy Code, 2016, application for Fresh Start Process shall be filed before ..... as they are the adjudicating authority for individuals and unlimited partnerships.
Answer
A. Debt Recovery Tribunal
55
The main purpose of the ..... is to enable and empower the secured creditors to take possession of their securities and to deal with them without the intervention of the court and also alternatively to authorize any securitisation or reconstruction company to acquire financial assets of any bank or financial institution
Answer
C. SARFAESI Act, 2002
56
..... refer to the "Whereas" clauses that precede the main text of a contract
Answer
A. Recitals
57
In ..... a mortgagor binds himself to repay the mortgaged money on certain date and transfers the mortgaged property absolutely to the mortgagee subject to the provision that he will re-transfer it to the mortgagor upon payment of the mortgaged money as agreed.
Answer
B. English Mortgage
58
..... means that the accused and the complainant have come to terms and the dispute between the parties has been settled amicably or adjusted by agreement and the complainant agrees not to prosecute the accused.
Answer
C. Compounding
59
Secretarial Standard 9 (ss-9) deals with
Answer
A. Forfeiture of Shares
60
The scope of ..... include analysis of financial statements, business plan, sustainability of business, future aspects, corporate and management structure, legal issues etc.
Answer
C. Due diligence
61
..... is the technique use by auditor to obtain the audit evidence in order to support auditor opinion
Answer
D. Substantive checking
62
Organizations face ..... when management purposely tampers data and information and makes fake promises and wrong commitments to the customers.
Answer
A. Crisis of deception
63
The promoters should contribute ....., in case of a public issue by an unlisted company.
Answer
A. Not less than 20% of post-issue capital
64
The process by which the employee is given rights to apply for shares of the company against the option granted to him in pursuance of ESOS is termed as
Answer
C. Vesting
65
"Red Clause" Credit & "Green Clause" Credit - these terms are associated with
Answer
C. Letter of credit
66
That portion of total deposit which a commercial bank has to keep with itself is called
Answer
B. SLR
67
Measures taken by RBI to control and regulate money supply
Answer
C. Monetary policy
68
The headquarters of IRDA is in
Answer
D. Hyderabad
69
Average clause is applicable for .....
Answer
D. Under insurance
70
The company liquidator must submit a preliminary report to the tribunal within ..... days from the winding up order
Answer
D. 60
71
Which of the following is not the objective of Competition act 2002?
Answer
B. Prohibition of restrictive Trade practices
72
Which of the following is not regulated by SEBI
Answer
C. Foreign Direct Investment
73
..... is the present value of estimated future cash flows generated by the asset including its estimated net disposable value at the end of its expected useful life.
Answer
A. Value in use
74
..... is referred to as an examination of evidence regarding an assertion to determine its correspondence to established criteria carried out in a manner suitable to the court.
Answer
A. Forensic audit
75
Registered geographical indication shall be valid
Answer
D. For 10 years and can be renewed from time to time
76
The process of studying and collecting information relating to the operation and responsibilities of a specific job is known as
Answer
B. Job analysis
77
..... is the process of negotiation between employers and the representatives of a unit of employees aimed at reaching agreements that regulate working conditions
Answer
C. Collective bargaining
78
The ratio which shows the relationship beteween shareholder's fund and total assets
Answer
B. Proprietary ratio
79
A ..... defines the basic reason for the existence of the organization and reflects the corporate philosophy, identity, character, and image of an organization.
Answer
A. Mission statement
80
Which one of the following is not a privilege given to One Person Companies?
Answer
B. No need to appoint Company Secretary
81
Which of the following is not a method for determining the arm's length price in relation to an international transaction and specified domestic transaction under Income Tax Act.
Answer
D. Profit Plus Method
82
Shareholders can authorize buy back ..... of the total paid-up capital and free reserves of the company in a financial year.
Answer
D. By special resolution upto 25%
83
Credit terms are 2/10, Net 30. 25% of the credit customers avail cash discount facility. Average collection period will be
Answer
C. 25 days
84
Government Bond is a
Answer
C. Long term security
85
Current ratio is 2:1. What will be the effect on current ratio if bills receivable is endorsed to creditors
Answer
A. Improve
86
..... is a legal concept that gives courts the power to interpret the terms of a will, gift, or charitable trust so that unused funds could flow to the next best beneficiary.
Answer
B. Doctrine of Cypres
87
..... is the practice of funding a project or venture by raising small amounts of money from a large number of people, usually through the Internet.
Answer
A. Crowd funding
88
..... takes into account loopholes of law
Answer
B. Tax avoidance
89
A registered person cannot move goods without an e-way bill when a movement of goods is of more than ..... in value
Answer
A. Rs.50,000
90
..... is a negotiable money market instrument and is issued in dematerialized form or as a Usance Promissory Note, against funds deposited at a bank or other eligible financial institution for a specified time period.
Answer
A. Certificates of Deposit
91
..... measures the rate of contraction of illnesses by the population and serves as the basis of calculation of premiums under Health insurance policies and Critical illness benefits.
Answer
D. Morbidity
92
In a Contract ..... refers acceptance of a lesser sum than what was contracted for or a lesser fulfilment of the promise made.
Answer
C. Remission
93
..... is a disciplined, statistical-based, data-driven quality control program developed by Motorola
Answer
B. Six sigma
94
..... is the process of holding entire supply of securities with the intention of imposing terms.
Answer
B. Cornering
95
The facility offered to investors to shift from one scheme to another under the same fund is called
Answer
D. Lateral shifting facility
96
Which of the following is not form part of the interrelated elements that assist the commission of fraud according to fraud triangle in forensic audit.
Answer
D. Power
97
..... is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.
Answer
B. Special Economic Zone
98
In BCG matrix, ..... are products which have a high market share in a low growing market
Answer
C. Cash cows
99
A ..... is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public.
Answer
C. Reverse Merger
100
..... is a linear combination of five common business ratios that helps to predict the probability of a firm to go into bankruptcy.
Answer
A. Altman Z Score
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