Question:

Fraudulent trading may be

A.

a criminal offence committed only by directors of a limited company

B.

a civil and a criminal offence committed by an employee

C.

a civil and a criminal offence committed only by directors of a limited company

D.

a civil offence committed by an employee

Answer» b. a civil and a criminal offence committed by an employee

Question:

According to section 179 which one of the following is a power of director?

A.

To buy back its shares

B.

Sell lease or otherwise dispose of the undertakings of the company

C.

Remit or give time for the repayment of any debt due by a director

D.

Making political contributions exceeding specified limits

Answer» a. To buy back its shares

Question:

Disqualification of directors may result from breaches under the

A.

Health and Safety Act

B.

Financial Services Act

C.

Sale of Goods Act

D.

Companies Act

Answer» d. Companies Act

Question:

A company cannot issue redeemable preference shares for a period exceeding

A.

5 year

B.

10 years

C.

15 years

D.

20 years

Answer» d. 20 years

Question:

According to clause 49 on independent directors. What should be minimum age of independentdirector.

A.

21

B.

22

C.

23

D.

24

Answer» a. 21

Question:

Directors responsibilities are unlikely to include

A.

a duty to keep proper accounting records

B.

a fiduciary duty

C.

a duty to propose high dividends for shareholders

D.

a duty of care

Answer» c. a duty to propose high dividends for shareholders

Question:

What is kieretsu

A.

Pension fund

B.

Corporate group

C.

Stock exchange

D.

Futures Market

Answer» b. Corporate group

Question:

A director of a limited company may not be liable for wrongful trading if he or she

A.

increased the valuation of its inventories to cover any potential shortfall

B.

brought in some expected sales from next year in to the current year

C.

took every step to minimise the potential loss to creditors

D.

introduce into the balance sheet an asset based on a valuation of its brands sufficient to meet

Answer» c. took every step to minimise the potential loss to creditors

Question:

Which of the following does the term Corporate Social Responsibility relate to?

A.

Ethical conduct

B.

Environmental practice

C.

Community investment

D.

All of the above

Answer» d. All of the above

Question:

which one is the dimension(approach) of corporate social responsibility?

A.

Corporate philanthropy

B.

Stake holders priorities and sustainable development

C.

Ethical business

D.

All of the above

Answer» d. All of the above