Auditing Corporate Governance MCQs

M

Mr. Dubey • 51.17K Points
Coach

Q 1. Giving back to host communities is under the notions of

(A) Corporate Social Responsibility
(B) Business ethics
(C) Management audit
(D) Electronic Data Processing
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M

Mr. Dubey • 51.17K Points
Coach

Q 2. The CSR committee shall

(A) Formulate and recommend to the Board of Corporate Social Responsibility which shall indicate the activities to be undertaken by the company
(B) Monitor the Crporate Social Responsibility of the company
(C) Both (a) and (b)
(D) None of the above.
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M

Mr. Dubey • 51.17K Points
Coach

Q 3. -----------is defined as the duty to cover environmental implications of operations, products and facilities of company.

(A) Corporate social responsibility
(B) Environmental aspect of Corporate Social Responsibility
(C) Corporate sustainability
(D) Corporate philanthropy.
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M

Mr. Dubey • 51.17K Points
Coach

Q 4. The Triple Bottom line (TBL) which are interlinked are found in

(A) Corporate philanthropy
(B) Corporate social Responsibility
(C) Corporate governance
(D) Corporate sustainability.
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M

Mr. Dubey • 51.17K Points
Coach

Q 5. Some common forms of corporate philantrophy are

(A) Cash donations
(B) In-kind donations
(C) Both (a) and (b)
(D) None of the above.
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M

Mr. Dubey • 51.17K Points
Coach

Q 6. A commitment to improve community well –being through discretionary business practices and contributions of corporate resources is called Corporate Social Responsibility. This definition is given by

(A) McGuire
(B) Mallen Baker
(C) Phillip Kohler and Nancy Lee
(D) Harvard school.
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M

Mr. Dubey • 51.17K Points
Coach

Q 7. -------- refers to a set of prescriptions and practices that provide guidelines with regards to the effective control of a company in the best interest of its shareholders and other stakeholders.

(A) EDP
(B) Corporate governance code
(C) Corporate reforms
(D) Auditing Standards
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M

Mr. Dubey • 51.17K Points
Coach

Q 8. The governance flaws of collapsed companies may be happened due to

(A) Failure of the Board of Directors
(B) Flaws in External Audit
(C) Dominating Dishonest CEO
(D) All of the above.
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M

Mr. Dubey • 51.17K Points
Coach

Q 9. The members of the corporate social responsibility committee will be appointed by

(A) Board of directors
(B) Shareholders
(C) Managing director
(D) Chief Executive Officer
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M

Mr. Dubey • 51.17K Points
Coach

Q 10. The CSR projects/activities outlined in the Schedule VII of the Companies Act, 2013 are
i. Promoting education
ii. Eradicating hunger, poverty & malnutrition
iii. Protection of national heritage, art and culture
iv. Ensuring environmental sustainability

(A) Only ii and iii
(B) All of the above
(C) None of the above
(D) i, ii and iv
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