MCQ for CA Intermediate LAW - PART 1 - CORPORATE LAWS - Chapter 9 - ACCOUNTS OF COMPANIES

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 -   

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