Home > Cost Accounting > Quizzes > CMA Intermediate Exam: Laws and Ethics Practice Test
CMA Intermediate Exam: Laws and Ethics Practice Test
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 36% • Most missed: “In case of a private company, mention the number of members personally present t…”

Laws and Ethics syllabus for CMA Intermediate Exam - Laws and Ethics (by weightage):
Commercial Laws 30%
Industrial Laws 25%
Corporate Laws 35%
Ethics 10%

The laws & ethics exam checks your understanding of:
- fundamental aspects of laws relevant for a business entity
- the principles of corporate governance and ability to implement and report compliance
- awarness and understanding of the ethical values

Related Tests:

CMA Foundation Exam: Fundamentals of Ethics Practice Test 

CMA Foundation Exam: Fundamentals of Laws Practice Test

CMA Intermediate Exam: Laws and Ethics Practice Test
Time left 00:00
25 Questions

1. Which one cannot be transacted through postal ballot?
2. Which one of the following is not the feature of the Contract of Guarantee?
3. Power to exempt any LLP or class of LLP for audits of accounts is with
4. Hundi’s are Indigenous instrument written in ____________ language
5. The appropriate government may fix minimum rate of wages for-
6. In case of unlisted company the duplicate share certificate shall be issued within a period of-
7. The Employees Provident Funds Act, 1952 is applicable to every establishment mentioned in schedule 1 and employed
8. Every LLP firm shall have at least _____________ designated partners who are individuals.
9. Which one of the following is not a contract?
10. Gratuity is payable to an employee ______________.
11. Businessmen or industrialists take initiative to form new companies. Their main function is to manage the company after its promotion, they are known as
12. A partner may contribute to the LLP
13. At every AGM, not less than ________ of the total number of directors shall retire by rotation.
14. To resolve the Ethical Conflict, following should not be considered.
15. In case of an employee who has not completed 15 years of age at the beginning of the Accounting year, the minimum bonus will be
16. The minimum ceiling on gratuity as per the Payment of Gratuity Act, 1972 is:
17. Right of Stoppage in transit can be exercised by the Unpaid Seller, where the Buyer:
18. Ethics is a set of _________ of human conduct that govern the behavior of individuals or organizations.
19. The private placement shall be made, not more than ___________ persons in aggregate in a financial year.
20. A person may not become an agent if ______________
21. The supervisory board under the German Model is known as
22. As per the RBI Act, which of the following negotiable Instruments can be payable to the bearer on demand?
23. In which of the following cases, the claim of Quantum Meruitarise
24. Workers will be entitled to overtime wages if they have worked for more than ____________.
25. Meta ethics deal with the nature of ___________ .

⚡ Recently practiced quizzes in this topic
Live quiz activity
CMA Intermediate Exam: Cost Accounting CMA Foundation Exam: Fundamentals of Costing Practice Test CMA Final Exam: Cost and Management Audit CMA Intermediate Exam: Financial Management Cost Accounting 101 Practice Test: Inventory Management, Just-in-Time, and Simplified Costing Methods Cost Accounting 101 Practice Test: Flexible Budgets, Overhead Cost Variances, and Management Control CMA Intermediate Exam: Financial Accounting Practice Test CMA Foundation Exam: Fundamentals of Ethics Practice Test CMA Foundation Exam: Fundamentals of Management Practice Test CMA Intermediate Exam: Financial Accounting Practice Test 2 (Fill the blanks)
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.