Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 2 - Corporate and Other Laws - PART 1 - Corporate Laws - Chapter 9: ACCOUNTS OF COMPANIES - For Practice relevant for May/November 23 Examinations


Q:1 Activities specified under schedule VII are –

  1. Eradicating hunger poverty and malnourishment
  2. Promoting education Including vocational courses
  3. Gender equality
  4. All of the above

Answer: 4

Q:2 Financial statements shall be signed by –

  1. CFO
  2. Director/MD/CEO
  3. Company secretary
  4. All of the above

Answer: 4

Q:3 CSR Committees of the Board shall consist of:

  1. Directors forming 1 /3rd of the total number of directors
  2. At least 2 directors
  3. 3/more directors
  4. 3/more directors, out of which at least 1 director shall be an Independent.

Answer: 4

Q:4 Net profit shall not include -

  1. Any dividend received from foreign companies in India
  2. Profit from indoor branch
  3. Net profit from subsidiaries
  4. None of the above

Answer: 1

Q:5 The authority to prescribe Accounting Standards lies with –

  1. Central Govt.
  2. ICAI
  3. Central Government as recommended by ICAI
  4. NFRA

Answer: 3

Q:6 A company is exempted from preparing CFS if it is –

  1. All members have consented in writing
  2. Not Listed in any stock exchange
  3. Its ultimate holding company has files CFS
  4. All of the above

Answer: 4

Q:7 For Re opening of accounts by court or tribunal's order, arrange in order –

  1. Application made by CG, SEBI or any authority
  2. Court/tribunal passes order and notice served
  3. Accounts rectified and representation taken & recast the accounts
  4. All of the above

Answer: 3

CA Intermediate LAW - PART 1 - Corporate Laws - MCQ for Chapter 10 -   

To get back to the Chapterwise MCQ List Page       

Hope you can find this article helpful. If you did like the content then Share it with your friends who are preparing for CA Inter Exams or who will be giving their CA Inter Exams in the near future.