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 –
- Eradicating hunger poverty and malnourishment
- Promoting education Including vocational courses
- Gender equality
- All of the above
Answer: 4
Q:2 Financial statements shall be signed by –
- CFO
- Director/MD/CEO
- Company secretary
- All of the above
Answer: 4
Q:3 CSR Committees of the Board shall consist of:
- Directors forming 1 /3rd of the total number of directors
- At least 2 directors
- 3/more directors
- 3/more directors, out of which at least 1 director shall be an Independent.
Answer: 4
Q:4 Net profit shall not include -
- Any dividend received from foreign companies in India
- Profit from indoor branch
- Net profit from subsidiaries
- None of the above
Answer: 1
Q:5 The authority to prescribe Accounting Standards lies with –
- Central Govt.
- ICAI
- Central Government as recommended by ICAI
- NFRA
Answer: 3
Q:6 A company is exempted from preparing CFS if it is –
- All members have consented in writing
- Not Listed in any stock exchange
- Its ultimate holding company has files CFS
- All of the above
Answer: 4
Q:7 For Re opening of accounts by court or tribunal's order, arrange in order –
- Application made by CG, SEBI or any authority
- Court/tribunal passes order and notice served
- Accounts rectified and representation taken & recast the accounts
- All of the above
Answer: 3
CA Intermediate LAW - PART 1 - Corporate Laws - MCQ for Chapter 10 -
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