1. The Board of every company referred to Section 135(1), shall ensure that the company spends, in every financial year, at least___ of the company made during the 3 immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy

2. Which of the following actions will not help directors to protect themselves from non-compliance with their obligations and responsibilities

3. CSR stands for

4. Directors’ responsibilities are unlikely to include:

5. Which of the following is appears in the ‘Value Applied’ section in the value-added statement

6. CARO, 2016 applies to a private limited company being a subsidiary or holding company of a public company, having a paid-up capital and reserves and surplus not more than____as on the balance sheet date

7. Financial statement and Board’s Report shall be sent to every member of the company, to every trustee for the debenture-holder of any debentures issued by the company, and to all persons other than such member or trustee, being the person so entitled, not less than before the date of the meeting

8. ____can be defined as the value created by the activities of a firm, that is, sales less the cost of bought-in goods and services

9. Which of the following action can be taken to improve EVA

10. _______ represents the economic profits generated by a business above and beyond the minimum return required by all providers of capital

11. In the audit report, the auditor expresses his opinion of whether the financial statement of the company gives in conformity with the accounting principles

12. To which type of company the Companies (Auditor’s Report) Order, 2016 (CARO) applies

13. To which type of company the Companies (Auditor’s Report) Order, 2016 (CARO) applies?
1. A private limited company is a subsidiary or holding company of a public company, having a paid-up capital and reserves & surplus of more than ₹ 2 Crore as on the balance sheet date.
2. A private limited company that has total borrowings exceeding ₹ 2 Crore from any bank or financial institution at any point of time during the financial year.
3. A private limited company that has a total revenue as disclosed in Scheduled III to the Companies Act, 2013 (including revenue from discontinuing operations) less than ₹ 10 Crore during the financial year as per the financial statements.
Select the correct answer from the options given below

14. As per Rule 8 of the Companies (Accounts) Rules, 2014, the Report of the Board shall contain the particulars of contracts or arrangements with related parties Section 188 (1) in the:

15. The corporate governance structure of a company reflects the individual company’s:

16. The auditor of a company is required to give his report in accordance with the provisions of______of the Companies Act, 2013

17. CSR and corporate governance represent a_____between business and society

18. CARO, 2016 applies to a private limited company that has total revenue as disclosed in Scheduled El to the Companies Act, 2013 including revenue from discontinuing operations exceeding____during the financial year as per the financial statements

19. Which of the following is deducted in Value Added Statement in the ‘Value Added’ section

20. Which type of committee is not required to form for compliance with provisions of Corporate Governance under the Companies Act, 2013 and SEBI Regulations

21. Which of the following matters are required to be covered in Management Discussion & Analysis Report?
I. Industry Structure & Developments
II. Opportunities and threats
III. Auditors negative remarks
IV. Product-wise performance
V. Risks and concerns
VI. Notes to financial statements
VII. SEBI Directions
Select the correct answer from the options given below:

22. Which of the following is not one of the underlying principles of Corporate Governance

23. Which type of director should be the head of the Stakeholders Grievance Committee

24. If we add ‘Cost of Capital’ ‘Economic Value Added’ we get

25. CARO, 2016 shall not apply to the auditor’s report on