SUGGESTED ANSWERS TO QUESTIONS
FINAL EXAMINATION
GROUP - III
(SYLLABUS 2016)
DECEMBER - 2021
Paper -13 Corporate Laws & Compliance
Time Allowed : 3 Hours Full Marks : 100
Section: A - MCQ 20X1=20
Q.1 Which of the following export documents is known as the Document of Title?
Ans 1. Mate‟s receipt
2. Bill of exchange
3. Bill of lading
4. Proforma invoice
Q.2 It is not compulsory for private Ltd companies to
Ans 1. All of these.
2. Conduct statutory meetings.
3. Issue prospectus.
4. Maintain an index of its members.
,Q.3 Public deposits cannot exceed
Ans 1. 50% of share capital and free reserve.
2. None of these.
3. 25% of share capital and free reserve.
4. 10% of share capital and free reserve.
Q.4 As per section 36(4) of Insolvency and Bankruptcy code ,2016,which of the following
assets
will not form a part of liquidation assets:
Ans 1. Assets of any Indian or foreign subsidiary of the corporate debtor.
2. Assets subject to the determination of ownership by the court.
3. Tangible assets,whether moveable or immoveable.
4. All proceeds of liquidation as and when they are realised.
Q.5 Providing fair compensation and safe working conditions,is related to social
responsibilities
towards:
Ans 1. Shareholders.
2. Employees.
3. Customers.
4. Community.
, Q.6 "METRO” is which form of enterprise
Ans 1. Private limited company
2. PPP
3. Government company
4. Public limited company
Q.7 Which of the following instruments is also known as ‘Hybrid security’?
Ans 1. Preference share.
2. Debentures
3. Public deposit
4. Equity shares
Q.8 Which of the following is not the feature of LLP?
Ans 1. The registration of LLP is not compulsory.
2. Compulsory to maintain accounts and get them audited.
3. All partners have limited liability.
4. No mutual agency.
FINAL EXAMINATION
GROUP - III
(SYLLABUS 2016)
DECEMBER - 2021
Paper -13 Corporate Laws & Compliance
Time Allowed : 3 Hours Full Marks : 100
Section: A - MCQ 20X1=20
Q.1 Which of the following export documents is known as the Document of Title?
Ans 1. Mate‟s receipt
2. Bill of exchange
3. Bill of lading
4. Proforma invoice
Q.2 It is not compulsory for private Ltd companies to
Ans 1. All of these.
2. Conduct statutory meetings.
3. Issue prospectus.
4. Maintain an index of its members.
,Q.3 Public deposits cannot exceed
Ans 1. 50% of share capital and free reserve.
2. None of these.
3. 25% of share capital and free reserve.
4. 10% of share capital and free reserve.
Q.4 As per section 36(4) of Insolvency and Bankruptcy code ,2016,which of the following
assets
will not form a part of liquidation assets:
Ans 1. Assets of any Indian or foreign subsidiary of the corporate debtor.
2. Assets subject to the determination of ownership by the court.
3. Tangible assets,whether moveable or immoveable.
4. All proceeds of liquidation as and when they are realised.
Q.5 Providing fair compensation and safe working conditions,is related to social
responsibilities
towards:
Ans 1. Shareholders.
2. Employees.
3. Customers.
4. Community.
, Q.6 "METRO” is which form of enterprise
Ans 1. Private limited company
2. PPP
3. Government company
4. Public limited company
Q.7 Which of the following instruments is also known as ‘Hybrid security’?
Ans 1. Preference share.
2. Debentures
3. Public deposit
4. Equity shares
Q.8 Which of the following is not the feature of LLP?
Ans 1. The registration of LLP is not compulsory.
2. Compulsory to maintain accounts and get them audited.
3. All partners have limited liability.
4. No mutual agency.
