BE & CG Sem 4

Q1.

IMF stands for……………………..

International Monetary Fund

Q2.

….. Involves smaller sums and typically more junior officials

Petty Corruption

Grand Corruption

None

Both

Q3.

CEO/CFO certification of financial and internal controls was recommended in ………………………….report

Naresh chandra committee

Narayana Murthy Committee report

Kumara Mangala Birla Report

CII report on Governance

Q4.

Along with financial results, companies are also reporting…………………in the annual reports

Measures taken to control frauds

Employee engagement

CSR initiatives

Customer engagement models

Q5.

Narasimham committee report was submitted in the year…………………….

1991

1998

Both A and B

Q18.

Narasimham committee was set up for reforms in…………………..sector

Banking

Insurance

Mutual funds

Capital markets

 

Q6.

The Narayana Murthy Committee report of Corporate Governance was submitted in the year…………….

2003

Q7.

OECD principles of Corporate Governance is broadly divided under ………………………..categories

3

6

4

5

Q8.

For government primary expectation from business is……………………..

Safety and security

Compliance

Financial Returns

Creditworthiness

Q9.

Investor Education with reference to financial and company transactions is done by……………

SEBI

Companies

Ministry of Corporate Affairs

Ministry of Finance

Q10.

Utilization of resources, attitude towards work, work commitment, motivation, work culture, manager's mental health are discussed in …………………

Bhagavatgita

Q11.

In April 2005 KPMG settled with the SEC by paying a US$22.48 million fine. Meanwhile, Xerox paid a civil penalty of $...... million

18

8

10

19

Q12.

A business practice means…………………

Taking a strategic decision

Taking decisions on day to day transactions

Decisions on new products and services

Decisions on funding for business

Q13.

Code of conduct can be evolved by………………

Government rules

Brainstorming and discussion

strict measures

Changing the regulations

Q14.

Values are …………………..legally enforceable

always

never

sometimes

if required

Q15.

Which scandal took place in 2002?

World Dot Com

Political instability in Japan

3G scam in Nigeria

None

Q16.

According to what, public servants who are employees of the government or government organisations have to give their annual property returns.

Annual Property Returns by the Members of Parliament and Ministers

Annual Property Return Act

None

Both

Q17.

…. Is generally practiced by government officials, ministers and senior officials

Petty Corruption

Grand Corruption

None

Both

Q18.

The audit committee should meet at least ………………… times in a year and not more than ……………….. months shall elapse between two meetings

4 and 4

3 and 4

3 and 3

Q19.

Teachings of ten commandants are a part of……………………….

Holy Quran

Bible

Ramayana

Mahabharatha

Q20.

When businesses go international, problem of governance becomes difficult because……………….

Different countries have different corporate governance mechanisms

Business grow bigger and bigger

Increase in the number of stakeholders

Local governments cant control the businesses anymore

Q21.

The issue of Corporate Governance came to prominence in India with……………………………….report.

TATA committee report

Narayana Murthy Committee report

Kumara Mangala Birla Report

CII report on Governance

Q22.

When an employee brings fraudulant activities into light in the organisations, it is called………………………

Breach of code of conduct

Whistle blowing

Ethical issue

Moral issue

Q23.

To earn sufficient profit and to bring financial soundness to the company is the responsibility of the business towards……………………..

Consumers

Employees

Shareholders

Government

Q24.

The …... model is the intellectual property right for protecting the inventions.

Unity

Utility

Primary

Secondary

Q25.

N R Narayana Murthy is the founder of……………………..

TCS

Wipor

Infosys

HCL

Q26.

Which Act defines the word "Fraud" U/S 17?

Indian Contract Act

Sale of Goods Act

Anti Money Laundering Act

None

Q27.

Statutory Liquidity Ratio (SLR) should be brought down in a phased manner to 25% over a period of about five years to give banks more funds to carry business. This is a recommendation of ……………………committee report

Narasimham committee report I

Narasimham committee report II

Malhotra Committee report

Naresh chandra committee report

Q28.

CAMEL’s ratings awarded by…………………

SEBI

Govt of India

RBI

ICAI

Q29.

What needs to be prepared for staff of doubtful integrity outgoing manager of a branch to handover the list to the incoming manager who can have idea about whom to be relied upon for confidential/sensitivework?

Watch List

Watchddog List

Corruption List

None

Q30.

The………………………has a broad implication as these are customs established by a group of individuals.

Ethics

Values

Both A and B

Morals

Q31.

A survey was carried out by TNS India (a research organisation) and the Times Foundation with the aim of providing an understanding of the role of corporations in CSR in the year…………..

2008

2016

2009

2010

Q32.

According to…………………….ethical theory, an action is considered morally correct if the consequences of that action are more favorable than unfavorable.

Virtue Ethics

Deontological Ethics

Teleologial Ethics

Meta Ethics

Q33.

. ……………………is a representative body of management of banking in India operating in India 

IBA

ICAI

RBI

SEBI

Q34.

….. is evolving rapidly in India

Cyber Crime

Hacking

Theft

E-commerce

Q35.

The Parliament of India passed Whistleblower protection Act in the year………………………………

2009

2011

2010

2012

Q36.

Ethics which establishes certain moral standards for human behavior is called…………………..

Normative Ethics

Applied Ethics

Meta Ethics

Business Ethics

Q37.

Management as a philosophy is evoloving since…………….century

16th

17th

18th

19th

Q38.

The …………….. approach focuses on applying management principles and processes as dictated by the unique characteristics of each situation

Behavioral Approach

Classical Approach

Quantitative Approach

Contingency Approach

Q39.

Life insurance business is based on the twin principles of …………….. and…………………..

Profit and market share

Trust and risk sharing

Profit and risk sharing

Maximum returns to the customer

Q40.

What is the reason behind India's poor performance?

Negative employment rate

GDP

GNP

Corruption

Q41.

Development of code of Ethics generally involves………………..steps

8 steps

4 steps

2 steps

Q42.

Set of conventional principles and expectations that are considered binding on any person who is a member of a particular group is known as…………………

Code of conduct

Ethics

Morals

Values

Q43.

SEBI is headquartered in …………………

Bengaluru

Delhi

Mumbai

Chenna

 

Q44.

……. is the hacking of IP addresses in order to transact with a false identity, thus remaining anonymous while carrying out the criminal activities.

Cyber Crime

Anonymous Theft

None

Both

Q45.

Companies Act of 2013 made………………………….as mandatory disclosure

Related Party Transaction

Executive compensation

Board meetings

Whistle Blower Policy

Q46.

Which of the following is not a Corporate governance feature?

It is a concept rather than an individualinstrument

It aims at maximizing the welfare.

It hinges on complete transparency, integrity and accountability

It aims at maximizing the profits

Q47.

What books needs to be kept under dualcustody ?

White demand draft

Demand book

Black demand draft

All of the above

Q48.

A team of internal auditor of WorldCom, started their investigation secretly and uncovered $.... billion of fraud

4

30

3.8

3.2

Q49.

Companies Act of 1956 was replaced by a new companies act which was passed in the year

2013

2009

2015

1991

Q50.

What is the symbol of Copyright ?

©

Q1.

Since 1995, what has Transpraenency International (TI) published annually ?

Corruption Perception Index (CPI)

Corruption Indicator Index (CII)

Corruption Aggregator Index (CAI)

All of the above

Q2.

Before SEBI came into existence………………………was the controller of capital markets

Securities exchange comission of India

Controller of Capital Issue

Reserve Bank of India

Institutes of Chartered Accountants of India

 

Q3.

Code of conduct is focussed on…………………..

Maximising profits

Charge fair and reasonableprice.

Setting rules and regulations for ethical behavior

Improve employee performance

Q4.

To maintain the quality of code of conduct…………………..audit is important in organisations

Ethical Audit

Statutory Audit

Internal Audit

Social Audi

Q5.

Common types of intellectual property rights DOES NOT include which of the following?

copyrights

trademarks

patents

none

Q6.

Which one of the following is not an example for code of conduct principle?

Accept the principle of “service first and profitnext”.

Charge fair and reasonableprice.

Give due respect and honor to the basic rights ofconsumers.

Aim for maximising the Profits

Q7.

Which was one of the largest publicly traded health care company in the U.S in 2003?

Health North Central

Health South Central

Health East Central

Health West Central

Q8.

Cadbury committee was prepared in……………………

India

USA

Germany

UK

Q9.

Ethics which can be further classified as teleological, deontological and virtue ethics is………………….

Normative Ethics

Applied Ethics

Meta Ethics

Business Ethics

Q10.

For successful implementation of CSR, companies can collaborate with……………………

society

Government

Employees

NGOs

Q11.

Business Ethics has existed as an academic field since………….

2000

1990

1980

1970

Q12.

…..., one of the form of intellectual property law, offers exclusive rights for protecting the authorship of original and creative work like dramatic, musical and literary in nature.

Goodwill

Patent

Copyright

Trade Mar

Q13.

Tariff Advisory body (TAB) is a statutory body for…………...sector

Banking

Telecom

Capital markets

Insurance

Q14.

Merits of ethical business practice does not include………

Increase in brand value

Less chances of getting into legal problems

Decrease in cost of production

Improved public image

Q15.

CSR should become a part of company's……………………….structure

Shareholding pattern

Audit committee

Code of condcut

Corporate governace

Q16.

Number in registrar must tally with total number entered in which book?

Ledger Book

Book of Income

Day Book

None

Q17.

The key to happiness is reduction in desire is a lesson taught in……………….

Ramayana

Bhagavatgita

Arthshastra

Bible

Q18.

Ethics is a branch of……………………….

Philosophy

Moral science

Anthropology

History

Q19.

One of the major issue with reference to technology and internet for corporations is………………………..

Very expesive

Too dynamic

Implementation takes time

Data security and privacy

Q20.

New Economic Policy was brought into effect in India in the year…………….

1988

1989

1990

1991

Q21.

In Saradha Group financial scandal (2013), Rajya Sabha MP …….. was jailed.

Shashi Tharoor

Arun Jaitely

Kunal Ghosh

Sharad Pawar

Q22.

Listing agreement disclosure norms are issued by…………..

CII

Govt of India

CBDT

SEBI

Q23.

When companies undertake activities that promote the welfare of the local community it helps in ……………………………

Maximising profits

Acquire market share

Avoid Hostility and to gain support of local community

Achieving employee satisfaction

Q24.

………………………………is not a CSR area

Brand building

Community Developmnet

Environment Management

Promoting human resources

Q25.

The problem of loan defaults in banks is termed as………………

Non Performing Assets

Loan Defaults

Provisions

None of the Mentioned

Q26.

A ….. is confident trick or confident game, which is an attempt to intentionally mislead a person or persons usually with the goal of financial or other gain.

Scandal

Scam

Fraud

Corruption

Q27.

Which of the committee is not a Corporate governance committee for Banks?

Basel committee

Malhotra committee

M S Verma Advisory Committee

Q28.

The Lehman executives and the company’s auditors, Ernst & Young hid over $..... billion in loans disguised as sales by apparently sending sold toxic assets to Cayman Island banks with the understanding that they would be bought back eventually

1

25

50

100

Q29.

Choose the path of righteousness is a value that can be associated with………………..

Ravana

Hanuman

Vibhishana

Sugreeva

Q30.

Association of Mutual funds of India is body for………………….

Equity shares

Loans

Mutual funds

All the three

Q31.

Which one of the following is not a part of corporate code of ethics?

CSR policy

Code of Ethics

Code of Practices

Code of conduct and behavior

Q32.

The NCRB report states that the number of corrupt government officers arrested by anti-corruption bureau has decreased by what percentage ?

5

10

15

20

Q33.

The Companies Act 2013 and Clause 49 of SEBI does not mandate ……………….as a disclosure

Audit committee

Financial Statements

Credit sales

Board composition

Q34.

The law enforcement authorities have to evoke faith, not terror and have to change their mindset to be fully accountable to generate …..

Government confidence

Public confidence

Investors confience

None

Q35.

What should be used in order to detect and prevent the corruptive practices on a larger scale?

Income Tax

CBI

E-Governance and Information Technology

None

Q36.

Mandatory investments of LIC Life Fund in government securities to be reduced from 75% to……………….according to Malhotra committee report

0.7

0.6

0.5

0.4

Q37.

For shareholders primary expectationrom busniess is……………………..

Safety and security

Compliance

Financial Returns

Creditworthiness

Q38.

Essential Commodities Act was passed in the year………………………

1947

1948

1956

1955

Q39.

A pyramid with four types of responsibility involved - economic (on the bottom level), then legal, ethical and finally philanthropic is termed as………………..

Stakeholder responsibility

Social Responsibility

Sustainability

Business Responsibility

Q40.

There should be a “profession and objective” relationship between the board and the executives-This recommendation was done by…………………………Committee

TATA committee report

Narayana Murthy Committee report

Cadbury committee report

Kumara Mangala Birla Report

Q41.

…..., based in Chicago, is a holding company and formerly one of the "Big Five" accounting firms

KPMG

Deloitte

Arthur Andersen LLP

E & Y

Q42.

Dumping industrial waste in rivers and fertile lands is………..

unethical practice

unethical and illegal practice

Illegal practice

Legal practice

 

Q43.

One of the disadvantages of CSR for organisations is…………………..

Brand value gets diluted

Customers may not be happy

Extra staff required to fulfill CSR related tasks

Reduces market share

Q44.

…… which protect a user from unauthorised access attacks while on a network.

Anti-Virus

Malware

Virus

Firewall

Q45.

What was the objective of Competition Act?

To prevent anti-competitionpractices

To promote and sustain competition inmarkets

To protect the interests ofconsumers

All of the above

Q46.

The idea of business having certain responsibilities beyond profit making gained importance in ……………….century

18th

20th

17th

19th

Q47.

Obedience and respect for authority is the basic fundamental requisite. This is mentioned in…………………..

Holy Quran

Bible

Ramayana

Mahabharatha

Q48.

Objectives of Corporate governance include……………….

Enhance longterm value and economic efficiency

Expand business

Reduce risk of the business

Doing CSR

Q49.

Unlike copyright, ……. is not granted on giving mere suggestion or idea.

Goodwill

Patent

None

Trade Mark

Q50.

The former new company was named Tech Mahindra with the Chairman as “……..”

Anand Mahindra

One of the important feature of value is……………………………….

It builds harmony

It is stated in detail

It sometimes leads to conflicting opinions

It is always explicit

The area of philosophy concerned with the evaluation of human conduct is known as

Ethics

Values

Both A and B

Morals

The study of the origin and meaning of ethical concepts is called………………..

Applied Ethics

Meta Ethics

Normative Ethics

Sturctured Ethics

Q17.

The study of the origin and meaning of ethical concepts is known as………………….ethics

Normative Ethics

Applied Ethics

Meta Ethics

Business Ethics

GRACE was aimed at bringing about a standard of ethical behavior among…………………………….

Companies

Capital Markets

Banks

Insurance companies

A committee was set up under the chairmanship of …………………………..for preparing the cadbury report

Andrew Cadbury

Nicolas Cadbury

Henry Cadbury

Adrian Cadbury

The apex which regulates capital markets in India is…………….

SEBI

IRDAI

RBI

AMFI

Which one is not a factor to be considered while preparing a code of conduct for an organisation?

Senior management

Public opinion

Employees involvement

Considering a well tested model

Q14.

Cadbury Committee report of Corporate Governance was released prepared in……………………

UK

USA

Japan

China

Q16.

The …. spectrum scam was an Indian telecommunications scam and political scandal in which politicians and government officials under the Indian National Congress.(Congress) coalition government

3G

2G

4G

None

Q20.

Responsibilites of a business include…………………….

Economic Responsibilities

Legal Responsibility

Ethical Responsibility

All of the Mentioned

Q21.

For creditors primary expectation from business is……………………..

Safety and security

Compliance

Financial Returns

Creditworthiness

Q22.

Ethics is derived from a Greek word Ethikos which means

Goodness

Honesty

Selflessness

Character

Q23.

. ………………….is the idea that businesses should balance profit-making activities with activities that benefit society

Code of conduct and behavior

Business Ethics

Social responsibility

Corporate Citizenship

Q24.

With reference to envronmental issues, corporations are often criticised with reference to………………….

Water wastage

Global Warming

Natural resources wastage

Usage of plastic

Q25.

…………………………….is not a identifiable trend for CSR strategy

Higher Profit targets

Changing social expectations

Increasing Affluence

Globalization

Q26.

The term……………………... is used even today to indicate good governance and peaceful society.

Ramarajya

Lokasamagraha

Sarvejano Sukhinobavantu

Vasudaiva Kutumbakam

Q27.

Which of the following is the component of Competition Act?

Anti-competitionAgreements

Abuse ofDominance

CompetitionAdvocacy

All of the above

Q30.

Companies raising money through an IPO should disclose the uses and application of funds by major category on a quarterly basis. This is a recommendation by……………………..committee

Naresh chandra committee

Narayana Murthy Committee report

Kumara Mangala Birla Report

CII report on Governance

Q32.

Bank has fixed of what % of total deposit to be kept in physical cash on an average in a branch with normal cashtransactions?

75

50

0.75

0.5

Q33.

CRR stands for……………………

Cash reserve ratio

Q34.

Vlaues helps making decisions with reference to …………………

Right or wrong

Should and shouldn’t

Good or bad

All the three

Q35.

Government of India set up a high-powered committee under the chairmanship of R.N. Malhotra, to make recommendations for reforms in the………………. sector.

Insurance

Banking

Mutual fund

Capital markets

Q37.

Financial …... involves the use of a false identity to obtain goods and services and a commercial identity theft is the using of someone else’s business name or credit card details for commercial purposes.

Identity Theft

Theft

None

Both
Q38.

An intergovernmental economic organisation with 36 member countries, founded in 1961 to stimulate economic progress and world trade is known as…………………….

Organisation for Economic Cooperation and Development

World Trade organisation

International Monetary fund

Organization of the Petroleum Exporting Countries

Q39.

. …………………..is not a member country of the OECD

USA

United Kingdom

Japan

China

Q40.

Corporate Governance is not about……………………

Profits

Fairness

Transperency

Accountability

Q41.

……. is the act of attempting to acquire sensitive information like usernames, passwords and credit card details by disguising as a trustworthy source

Fishing

Cypher

Phishing

None

Q45.

…. means alertness or watchfulness.

Vigilance

Warning

Scrutiny

None

Q46.

….. was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide in 2008.

Enron

Lehman Brothers Scandal

None

Both

Q47.

IMF stands for……………………..

Indian Monetary Fund

International Monetary Fund

Indian Market Fund

International Mutual Fund

Q48.

Never consider anyone inferior  is a lesson associated with………………

Vibhishana

Ravana

Hanuman

Vanara sena

Q49.

…... is any creative work or invention considered to be the property of its creator.

Intellectual Property (IP)

Copyright

Goodwill

Trade Mark

 

Q50.

Who was the chairman of Satyam Computers during the scam?

Ramalinga Raju

Mukesh Ambani

Ratan Tata

Q1.

Allowing private sector to enter the insurance field was………………………………..committee recommendation

Kumar Mangala Birla Corporate Governance

Malhotra Committee report

Naresh chandra committee report

Which is fthe following is not step of code of ethics

Governet all

Q1.

Which accounts must be kept in separate ledger under safe custody of manager?

Dormant/Inoperative

Operative

Inoperativ

Do into others as you would have them do to you is a teaching from

 Bible

the person is doubtful in

Sensitive post

 …………………………………is not an internal stakeholder for a business

 

 

  

hindu god Choose the path of righteousness is a value that can be associated with

not hanuman

CSR is a means of matching corporate operations with stakeholder values and demands, at a time when values and demands are constantly evolving. This approach is termed as

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