Independent Director MCQ

Exam Oriented Pocket Friendly Mcq Questions - Free MCQ

Question:. 1 #rq-21
As an independent director, how you will judge the internal control system of the company ?
by reading the notes to the Accounts
By studying the Profit and loss Statement
By reading Auditor's Report
By reading Balance sheet of the company

Question:. 2 #rq-22
Related party transaction on arm's length basis means
Related party shall not be directly related
Related party shall provide higher margins to the company
Related party shall disclose its relation
Transaction at a market driven price

Question:. 3 #rq-23
Which is mandatory committee under the Companies Act,2013 or SEBI (LODR) Regulations,2015
Ethics Committee
Customer Service Committee
Corporate Compliance Committee
Nomination and Remuneration Committee

Question:. 4 #rq-24
Which questions may not be asked about composition of board before joining as independent director of the company
Who are the directors and their credentials
What gifts are given to directors on diwali by the company
The board has sufficient diversified skills ,knowledge and experience.
None of above

Question:. 5 #rq-25
The concept of lead independent Director has been defined under……..
SEBI (LODR) Regulations, 2015
Companies Act,1956
Companies Act,2013
None of above

Question:. 6 #rq-26
Identify the idea which can't be the criteria to decide whether board is exemplary board
Board is diversified in view of knowledge, qualification, experience, gender, etc
Right proportion of independent and executive Directors
Directors should possess huge property
On the basis of size neither too large nor too small

Question:. 7 #rq-27
What is full form of ERM
Environment Risk Management
Early Risk Management
Enterprise Risk Management
Enterpreneur Risk Marketing

Question:. 8 #rq-28
A Company shall keep books on
Single entry System
Double entry System
either of Two
Both

Question:. 9 #rq-29
Dematerialisation of Securities is covered under
Securities Contract Rematerialisation Act (SCRA)
Dematerisation of Shares Act
Depositories Act
SEBI Act

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