Question:

who formed the ICGN?

A.

European government

B.

US share holders

C.

Pension funds

D.

Stock markets

Answer» c. Pension funds

Question:

Which of the following is not one of the underlying principles of the corporate governancecombined code of practice?

A.

Accountability

B.

Openness

C.

Acceptability

D.

Integrity

Answer» c. Acceptability

Question:

According to clause 49 on independent directors. What can be maximum tenure ofindependent director.

A.

2 terms of 5 years each

B.

3 terms of 5 years each

C.

2 terms of 10 years each

D.

3 terms of 4 years each

Answer» a. 2 terms of 5 years each

Question:

The framework for establishing good corporate governance and accountability was originallysetup by

A.

Nestle committee

B.

Rowntree committee

C.

Cadbury committee

D.

Thornton committee

Answer» b. Rowntree committee

Question:

A company may become insolvent if it

A.

makes a loss

B.

has negative working capital

C.

cannot meet its budgeted level of profit

D.

cannot pay creditors in full after realisation of its assets

Answer» d. cannot pay creditors in full after realisation of its assets