P REPORTS STATEMENTS

The chairperson of the audit committee shall be _____ and he shall be present at Annual general meeting to answer shareholder queries

The audit committee at its discretion shall invite

All directors of the nomination committee remuneration shall be

No prior approval of the audit committee is required where the Related Party Transactions are

The nomination committee shall comprise of

All related party transactions shall require prior approval of

The statutory auditor of a listed entity shall undertake a limited review of the audit of all the entities companies whose accounts are to be consolidated with the listed entity as per _______ in accordance with guidelines issued by the SEBI on this matter

The top 500 and 1000 entities shall be determined on the basis of _____ , as at the end of the immediate previews financial year

The audit committee shall review, _______ the details of related party transactions entered into by omnibus approvals given

The risk management committee shall meet

The remuneration committee shall comprise of

The audit committee shall meet ______ and not more than one hundred and twenty days shall elapse between two meetings

The listed entity shall maintain ____ containing the basis information about the listed entity

The listed entity shall give prior intimation to stock exchange about the meeting of the board of directors in which the proposals

The independent directors of the listed entity shall hold _____ without the presence of non-independent directors and members of the management and all the independent directors shall strive to be present at such meeting

The functions of the risk management committee shall be

The Company Secretary shall act as _____ to the audit committee

In the nomination/remuneration committee ____ of the directors shall be independent directors

The audit committee shall have _____ as members

The listed entity shall update any change in the contain of its website ______ from the date of such change in contain

The time gap between two record dates shall be

At least _____ of the members of audit committee shall be independent directors

The omnibus approvals shall be valid for a period _____ and shall require fresh approvals after the expiry of one year

A director shall not be a member ____ across all listed entities in which he is a director

A director shall not act as chairperson of ____ across all listed entities in which he is a director which shall be determined as follows

The annual report shall NOT contain

The financial results shall be prepared on the basis of

The chairperson of stakeholders relationship committee shall be

The majority of members of risk management committee shall consist of

The top 1000 entities by market capitalization, determined as on March 31^st of every general meetings _____ from the date of closing of the financial year

The nomination remuneration committee shall meet

The quorum for audit committee meeting shall either be two members or one third of the members of the audit committee, ______ with at least two independent directors

At least ____ of the members of audit committee shall be independent directors

The listed entities other than top five hundred listed entities based on market capitalization _____ in their annual reports and on their websites.

All members of audit committee shall be financially literate and ____ shall have accounting or related financial management expertise

The Audit Committee shall consist of a ____ with independent directors forming a majority

Due diligence is the process by which a person or a company collects _____ about the other person/company

Director’s Responsibility Statement shall state

The quarterly financial results submitted shall be approved by the

Dividend Distribution Policy shall NOT contain

Intimation to stock exchange shall be given about convening of board meeting for the purpose of financial results

The Lead manager(s) shall submit a final post-issue report along with a due diligence certificate ____ of the date of finalization of basis of allotment

The financial results submitted to the stoke exchange shall NOT be signed by

Which Schedule of the Companies Act, 2013 deals the CSR Activities

The company and Independent Director shall abide by the provisions specified in

“Material subsidiary” shall mean a subsidiary, whose income or net worth exceeds _____ of the consolidated income or net worth respectively, of the listed entity and its subsidiaries in the immediately preceding accounting year

The Annual Report of a listed entity shall NOT contain

Which of the following company is NOT required to have Vigil Mechanism Policy

The financial results shall be prepared on the basis of

Contribution to which of the funds shall be considered as CSR Activity

The audited financial statements consist of

Policies of a company are

Which committee first made the recommendation in two divisions i.e. mandatory and Non-mandatory

Corporate Governance basis Theories are, Agency Theory, Stoke Holder Theory, Stake Holder Theory and

The legal and regulatory requirements that affect Corporate Governance practices should be

OECD states that Corporate Governance involves a set of relationships between

Corporate Governance Guidelines issued by MCA in 2009 were

OECD Principles have been presented in ____ different chapters

Who suggested that there is no need to adopt the German system of two-tier boards to ensure Corporate Governance

As per the Naresh Chandra Committee report on CG, which is the prohibited area under non-audit service category, which an auditor should not undertake

Which among the following is not the basis shareholder’s rights, as per the OECD’s Principles of Corporate Governance

The appointment, removal and terms of remuneration of the Chief Risk Officer shall be subject to review by the

The principles of Corporate Governance were first issued by OECD in the year of

Vision statement focuses on

In PESTEL Analysis, T stands for

Corporate strategy starts from

In PESTEL Analysis, the last E stands for

Mission statement focuses on

In PESTEL Analysis, S stands for

Benchmarking denotes

In PESTEL Analysis P stands for

An asp rational description of what an organization would like to achieve or accomplish in the mid-term or long-term future is called as

Corporate strategy starts from

A financial ratio that measures a company’s profitability and the efficiency with which its capital is used, is called as

In PESTEL Analysis, the first E stands for

In PESTEL Analysis, L stands for

The Auditors shall attend the General Meetings of the company and ______ at such Meetings on that part of the business which concerns them as Auditors

Who shall be the Chairman of the Audit Committee of Board (ACB)

Which of the following cannot be passed by circulation

Office copies of Notice, Agenda, Notes on Agenda and other related papers shall be preserved is good order for as long as they remain current or for _____ ,whichever is later

Omnibus approval shall be valid for a period not exceeding

Related Party transactions are to be approved by the

For the purpose of CSR activity, net profit means the net profit of a company as the financial statement prepared in accordance with the applicable provisions of the Act, but shall not include

Strategic risk arises when

Unsystematic risk is

The risk which arises on account of natural calamities like, cyclone, earthquakes, heavy rains, failure of disaster management plans

Unsystematic risk is

The risk arises when the counter party do not have the legal or regulatory authority to engage in the transactions

COSO stands for

Risk involves

The risk which arises due system failure, obsolescence of production equipment and machines, lack of coordination among the operational staff, is called as

ERM stands for

Systematic risk is

COSO framed Enterprise Risk Management- Integrated Framework in

Risk Managements Process includes

The risk which may arises due to adverse publicity, negative public opinion, faulty products and services, failure of compliances and attracting penal provisions, is called as

Systematic risk is

_____ is the ability of an organization to quickly adapt to disruptions, while maintaining continuous business operations and safeguarding people, assets and overall brand equity

Who prescribes the Standards of Accounting

For the purpose of calculation of net worth of companies (other than NBFC) the net worth shall be calculated in accordance with the stand-alone financial statement of the company as on

The Accounting Standards are

Accounting Statements means

Good Governance suggests that

Deferred payment liabilities is to be shown under the head of

In balance Sheet, how the share Capital is to be shown

Securities Premium is to be shown under the head of

The figures appearing in the Financial Statements may be rounded off on the basis of

Income received in advance is to be shown under the head

Loans repayable on demand is to be shown under the head of

The financial statements shall give a ____ of the state of affairs of the company

Investments in Mutual Funds is to be shown under the head of

Where the total income of a company is less than 100 crore rupees, the rounding off may be done

Trade receivables shall be sub-classified as

Investments in Equity Instruments is to be shown under the head of

Uncalled liability on shares and other investments partly paid, is to shown under the head of

The following detail relating to Micro, small and Medium Enterprises (MSME) shall be disclosed in the notes

Cash comprises of

________ are activities that result in changes in the size and compositions of the contributed equity and borrowings of the entity.

Entities are encouraged to report cash flows from operating activities using

Cash flows are

The statement of cash flows shall report cash flows during the period classified by

Cash equivalents are held for the purpose of meeting _______ rather than for investment or other purposes.

Cash payments by a lessee for the reduction of the outstanding liability relating to the lease is treated as

_______ are the principal revenue producing activities of the entity and other activities that are not investing or financing activities

Cash flows arising from taxes on income shall be separately disclosed and shall be classified as cash flows from

Which among the following is not a cash flow from operating activities

The expenditures that result in a recognised asset in the balance sheet are eligible for classification as

Investing activities are the acquisition and disposal of _________ and other investments not included in cash equivalents.

The statement of cash flows statement shows the

Cash flows from _______ are primarily derived from the principal revenue producing activities of the entity.

Under the indirect method, the net cash flow from the operating activity is determined by adjusting profit or loss for the effects of

The entity shall prepare a statement of _____ in accordance with the requirements of this Ind-AS-7, and shall present it as an integral part of its financial statements for each period for which financial statements are presented

The amount of cash flows arising from _________ is a key indicator of the extent to which the operations of the entity have generated sufficient cash flows to repay loans, maintain the operating capability of the entity, pay dividends and make new investment without recourse to external sources of financing.

The cash flows statement of an entity is useful in providing users of financial statement with a basis of assess

An entity shall report separately major classes of gross cash receipts and gross cash payment arising from

Cash flows arising from the purchase and sales of dealing or trading securities are classified as

The instalment paid in respect of an item of property, plant and equipment acquired on deferred payment basis include interest, the interest element is classified under ________ and the loan element is classified under _________

Cash flows arising on the following activities of a financial institution may be reported on a net basis

Historical cash flows information is useful in checking the accuracy of past assessments of future cash flows and in examining the relationship between

The aggregate cash flows arising from obtaining or losing control of subsidiaries or other business shall be presented separately and classified as

Cash payment to acquire property, plant and equipment, intangible and other long term assets comes under the activities of

User’s of an entity’s financial statements are interested in how the entity generates and uses.

Debtor Turnover Ratio is calculated by

______ includes the investment of excess cash in cash equivalents

An entity presents its cash flows from

Investing and financing transactions that do not require the use of cash or cash equivalents shall be _____ from a statement of cash flows

Dividends paid should be classified as cash flows from

A statement of cash flows, when used in conjunction with the rest of the financial statements, provides information that enable users to evaluate

The Financial Statements includes

In Director’s responsibility Statement, shall state that the directors had prepared the annual account of the company

The Board Report shall contain the explanation or comments on the qualification made by the

The accounting policies selected by the directors and applied them consistently that are reasonable and prudent to as to give

There shall be attached to statements laid before a company in general meeting, a report by its Board of Directors, which shall include

Internal financial controls means

The issue of shares with differential voting rights has to be reported is the Board’s Report, which shall include

Earning per shares (EPS) is calculated by

Debtor Turnover Ratio is calculated by

Fixed Asset Coverage ratio is calculated by

Gross Profit ratio is calculated by

Return of Assets(ROA) is calculated by

Fixed Asset Turnover Ratio is calculated by

Proprietary Ratio is calculated by

Return on Capital Employed(ROCE) is calculated as

Interest Coverage ratio is calculated by

How to calculate the second method of maximum permissible bank finance as suggested by the Tondon Committee

Debt-Equity ratio is calculated by

Return on Investment is calculate by

Total Indebtedness Ratio is calculated by

The Net Present Value(NPV) is calculated by

Inventory Turnover ratio is calculated by

Net worth is calculated by

The most ideal value for current ratio can be

The ideal Acid Test ratio is

How to calculate the first method of maximum permissible bank finance as suggested by the Tondon Committee

From Income Statement, one cannot see

Net Profit ratio is calculate by

The components of financial statements are

Profit Earning Ratio (PE Ratio) is calculated by

What is true about the Payback Period method

Return on Equity is calculated by

What is Liquidity Ratio

The Financial Statements Module Area is comprised of three Module Types, representing each of the three financial statements, These are

Current Ratio is calculated as

Whether, the company has revealed its property, Plant and Equipment or intangible assets or both during the year and, if so, whether the revaluation is based on the valuation by a Registered valuer, specify the amount of change, if change is _______ in the aggregate of the net carrying value of each class of Property, Plant and Equipment or intangible assets

Whether, in respect of other than ongoing project, the company has transferred unspent amount to a fund specified in Schedule VII to the Companies Act ______ of the expiry of the financial year in compliance with second proviso to sub-section (5) of section 135 of the said Act

The CARO 2020 is applicable on which company

The auditor is required to report whether the Nidhi Company is maintaining _______ unencumbered term deposit as specified in the Nidhi Rules, 2014 to meet out the liability

The CARO is issued by the MCA in consultation with

The auditor is required to report whether during any point of time of the year, the company has been sanctioned ____, in aggregate, from banks or financial institutions on the basis of security of institutions on

The CARO, 2020 is not applicable on

The CARO, 2020 is applicable for FY

The auditor is required to report whether the Nidhi company has complied with the Net Owned Funds to Deposits in the ratio of ____ to meet out the liability

Every unlisted company is required to appoint internal auditor in the following cases

Who shall sign the Financial Statement -

i. Chairperson, where he is authorised by the Board

ii.  Two Directors out of which one shall be the Managing Director

iii. Chief Executive Officer

iv. Chief Financial Officer

v. Company Secretary

Choose among the following options:

Every company shall prepare books of accounts for every financial year which give

The Books of accounts shall be open for inspection by

The Financial Statements of some of the companies shall not be treated as not disclosing a true and fair view of the state of affairs of the company, merely by reason of the fact that they do not disclose any matters which are not required to be disclosed by their respective statutes, of which they are governed.

The manner of consolidation of accounts of subsidiary/subsidiaries may be made by

Where professional or other misconduct is proved, the National Financial Reporting Authority shall have the power to make order for imposing penalty of, in case of individuals.

A report of the Board of Directors shall not include

Board Evaluation has to be done for every listed company and every other public company having a paid up share capital of

The Board evaluation has to be done in the case of

The Board evaluation has to be done for

The Evaluation of Independent Directors shall be done by

The Board Evaluation has to be done

Whether to extend or continue the term of appointment of the Independent Director, the ______ shall decide on the basis of the report of performance evaluation of independent director

The report of the Board Evaluation has to be perused before

One person company shall file a copy of the financial statements duly adopted by its member, along with all the documents which are required to be attached to such financial statements.

If a company fails to file the copy of the financial statements as required u/s 137 (1) or (2) before the expiry of the period specified therein, the company shall be liable to a penalty of _____ and in case of continuing failure, with a further penalty of rupees 100 for each day during which such failure continues, subject to a maximum of _________

What is the time period within which a copy of the financial statements, duly adopted at the annual general meeting of the company, shall be filed with the Registrar?

Until the National Financial Reporting Authority is constituted u/s 132 of the Companies Act, 2013, who shall prescribe the standards of accounting or addendum thereto.

The Central Government may exempt any class or classes of companies from complying with any of the requirements of section 129 relating to preparation of financial statements or the rules made thereunder, if it is considered necessary to grant such exemption.

If the Board of directors decides to keep the books of accounts at a place other than the registered office, the company shall, _________ thereof, file with the Registrar a notice in writing giving the full address of that other place.

Every private limited company is required to appoint internal auditor in the following cases.

Where other financial information maintained outside the country is required by a Director, the Director shall furnish a request to the company seeking out the full details of the financial information sought for, the period for which such information is sought and the company shall produce such financial information to the Director _______ of the date of receipt of the written request.

The National Financial Reporting Authority shall have the power to investigate, either suomotu or on a reference made to it by the Central Government, for such class of bodies, corporate or persons, in such manner as may be prescribed into the matters of professional or other misconduct committed by any member or firm.

Which among the following do not come within meaning of financial statement in relation to a company?

The books of accounts of the subsidiary company can be inspected by

Where the AGM of a company for any year has not been held, the financial statements along with the reasons for not holding the AGM shall be filed with the Registrar _____ of the last fate before which the AGM should have been held

Where the financial statements are not adopted at AGM, such un-adopted financial statements along with the required documents shall be filed with the Registrar

A copy of the financial statements which are to be laid before a company in its general meeting, shall be sent to every member of the company

To providing for matters relating to accounting and auditing standards under the Companies Act, 2013, the Central Government may notify to constitute

When a company shall re-open its books of account and recent its financial statements, if a Court / tribunal (on an application made by the Central Govt / Income Tax authorities / SEBI) makes an order to the effect that

The financial statement shall be approved by the

Who may prescribe the standards of accounting or any addendum thereto

The Central Government may appoint part time or full time members for the national Financial Reporting Authority not exceeding

The National Financial Reporting Authority have the same powers as are vested in a civil Court under

Who shall be the appointing authority of Chairman for national Financial Reporting Authority

A company may voluntary revise the financial statement in accordance with section 139(1) in respect of any of the _____ after obtaining approval of the Tribunal

Who shall lay before the AGM, the financial statements of the company for the financial year