Independent Director MCQ

Exam Oriented Pocket Friendly Mcq Questions - Free MCQ

Question:. 1 #rq-11
Which of the following is not Individual liability
if he signs using word on 'for and on behalf of'
Negligence
malafide Acts
Breach of fiduciary duty

Question:. 2 #rq-12
Specify the penalty for contravention of any codified duty?
The director may be liable for a penalty not less than 1 lakh rupees which may extend to 5 Lakh rupees
Rs 2 lakhs
The director may be liable for a penalty not less than 2lakh rupees which may extend to 5 Lakh rupees
None of above

Question:. 3 #rq-13
If Tribunal is of opinion u/s 242(1) that company's affairs are being conducted in oppressive or against the interest of company and winding up is not appropriate, then which of the measures can be taken u/s 242(2)
Purchase of shares of one person by the other person
Reduction of its share capital
Restriction on transfer or allotment of shares
All of the above

Question:. 4 #rq-14
Nominee director shall be appointed by
Non Executive Director
Executive directors
Financial Institutions
Independent directors

Question:. 5 #rq-15
Mr Anil wrongfully obtains the possesion of cash of company, he shall be punishable with fine of…....
double the amount of cash involved
equal to the amount of cash involved
amount not less than Rs 1 lakh which may extend to Rs 5 lakhs
amount not less than Rs 1 lakh which may extend to Rs 10 lakhs

Question:. 6 #rq-16
Thirdwall Createch Limited is having 1500 shareholders. What would be quorum for General meeting
5 members personally present
10 members personally present
15 members personally present
30 members personally present

Question:. 7 #rq-17
Trade receivables are sub-classified as ….......
Secured considered good and bad debts
Secured - considered good; unsecured - considered good; and Doubtful
Secured, unsecured, bad and doubtful debts
Unsecured good and doubtful debts

Question:. 8 #rq-18
Which of the following is true in respect of CSR Expenditure
Contribution can be made for the development of product of Company
Contribution can be made to any political party
Contribution can be made for the benefit of employees of the company
None of above

Question:. 9 #rq-19
If a company is having high amount of Debtors. What does it indicates
The company is having high working capital
The liquidity position of the company is under stress
The chances of bad Debts are more
All of the Above

Question:. 10 #rq-20
Find the odd one out in reference to Related Party Transactions
A contract between company and a major shareholder for woodwork of the showrooms of company
The Company buys goods from a Proprietorship entity of a Director of the company
If company sells goods to a Proprietorship entity of a KMP of the company
Company takes services of the advocate shareholder who holds 1% equity in the Company

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