Auditing Corporate Governance MCQs and Notes

M

Mr. Dubey

🎓 Coach ⭐ 111.54K Points

Q. Section 135 of the Companies Act, 2013 has laid down that all companies incorporated in India having a net worth of INR 500 crore or more, must spend a percentage of the average net profits made during every block of three years. What is the percentage?

(A) 5%
(B) 3.5%
(C) 2%
(D) 3%

💬 Discuss

✅ Correct Answer: (C) 2%

M

Mr. Dubey

🎓 Coach ⭐ 111.54K Points

📊 Auditing Corporate Governance

Q. Today stakeholders are increasingly demanding that businesses take up environmental stewardship as a part of CSR to reduce carbon footprint of the business through

(A) Sustainable packaging
(B) Good water management
(C) Better waste management including emissions from plants
(D) All of the above

💬 Discuss

✅ Correct Answer: (D) All of the above

M

Mr. Dubey

🎓 Coach ⭐ 111.54K Points

📊 Auditing Corporate Governance

Q. which of the following statements are true
i. CSR has its roots in business ethics
ii. CSR and business ethics are conceptually different
iii. CSR and business ethics are synonymous
iv. CSR and business ethics can be used interchangeably

(A) i and ii
(B) ii and iii
(C) i and iv
(D) iii and iv

💬 Discuss

✅ Correct Answer: (A) i and ii

M

Mr. Dubey

🎓 Coach ⭐ 111.54K Points

📊 Auditing Corporate Governance

Q. The three elements of „triple bottom line‟ (TBL) coined by Elkington are
i. Economic sustainability
ii. Social sustainability
iii. Corporate sustainability
iv. Environment sustainability

(A) i, ii, iii
(B) i, iii, iv
(C) i, ii, iv
(D) ii, iii, iv

💬 Discuss

✅ Correct Answer: (C) i, ii, iv

M

Mr. Dubey

🎓 Coach ⭐ 111.54K Points

📊 Auditing Corporate Governance

Q. The act of a corporate to five gifts/ charitable contributions to communities, universities, etc. that do not necessarily provide any economic benefit but helps in generating goodwill among employees, customers and the local community.