Examination Paper of Corporate Governance Professional
1 IIBM Institute of Business Management
IIBM Institute of Business Management
Subject Code-C103 Examination Paper MM.100
Corporate Governance Professional
1. Corporate Governance is-
a) About ethical conduct in business
b) Direct or indirect concerns in the organization
c) A manufacturing system
d) None of the above
2. The term corporate governance is derived from the-
a) Greek word
b) English word
c) French word
d) Latin word
3. The definition “Corporate Governance is the system by which business directed and controlled” is given by-
a) SEBI committee
b) OECD committee
c) Cadbury committee
d) All of the above
4. Internal control is implemented by the-
a) Board of directors
b) Audit committee
c) Management
d) All of the above
5. OECD stands for__________________
………………
a) CEO
b) Manager
c) Top management
d) Board of directors
10. SEBI stands for_________________
11. The role of corporate governance is-
a) To ensure the efficient use of resources
b) It increases the shareholders value
c) Reduce the procurement and inventory cost
d) All of the above
d) None of these
15. The key element of good corporate governance principle include-
……………………….
21. Which of the following come under the five principles of ethical power for organization?
a) Purpose
b) Pride
c) Patience
d) All of the above
22. Which of the following are the theories of corporate governance?
a) Shareholders theory vs. stakeholders theory
b) Stewardship theory
c) Property right theory
d) All of the above
Examination Paper of Corporate Governance Professional
4 IIBM Institute of Business Management
23. The stewardship theory is-
a) Control oriented
b) Involvement oriented
c) Both a&b
d) None of these
24. ____________________ include government nominees and representatives of financial institutions
a) Board of directors
b) Creditors, suppliers
c) Nominee directors
d) Chief executive officer
25. The ____________________ oversees internal control and disclosure controls and procedures for financial reporting.
a) Nominating committee
b) Audit committee
c) Board committee
d) Higgs committee
………………………34. Which of the following is use to ensure that the takeover bids are serious?
a) Disclosure
b) Trigger
c) Escrow
d) Creeping acquisition
35. Which of the following are the natures of complaints by shareholders?
a) Non receipt of dividend
b) Change of address
c) Transmission of shares
d) All of the above
36. The word “transmission” means-
a) Transfer by operation of law
b) Transfer by operation
c) Both a&b
d) None of the above
37. Competition, debt covenants, takeover and media pressure are the-
a) Internal corporate governance controls
b) External corporate governance control
c) Both a&b
d) None
38. Simple directors who attends board meeting of a company and participate of a company and participate in the matters before the board is-
Examination Paper of Corporate Governance Professional
6 IIBM Institute of Business Management
a) Ordinary directors
b) Managing directors
c) Executive directors
d) Shadow directors
39. The director who perform a specific role in a company under a service contract which requires a regular, possibly daily, involvement in management is known as-
a) Non-executive director
b) Additional director
c) Executive director
d) Ordinary director
……………………………
a) Property audit
b) Efficiency audit
c) Both a&b
d) Government audit
51. SICA stands for_______________
52. BIFR stands for_______________
53. Basic principles of audit are_______________
a) Integrity, objectivity & independence
Examination Paper of Corporate Governance Professional
8 IIBM Institute of Business Management
b) Confidentiality
c) Documentation
d) All of the above
54. As per the SEBI guidelines, the audit committee shall meet at least-
a) Twice a year
b) Thrice a year
c) Once a year
d) None
55. _________________ opined that the chairman of the audit committee should be an independent director.
a) Cadbury committee
b) Board committee
c) KM Birla committee
d) Audit committee
56. An audit committee should aware of technological changes, which is_________________ risk/condition.
a) Internal
b) External
c) Both a&b
d) None
57. The committees of the board involve_________________
a) Supervisory committee
b) Risk management committee
c) Shareholders’ redressal committee
d) All of these
…………………………
67. It is the responsibility of the firm towards its________________ to avoid any type of cartel formation that a attempts to reap monopoly profits.
a) Shareholders
b) Customers
c) Employees
d) Management
68. Four important group that business are shareholders, employees, customers and_________________
a) Management
b) Board of director
c) Society
d) Stakeholder
Examination Paper of Corporate Governance Professional
10 IIBM Institute of Business Management
69. NGO stands for_________________
70. Employees should get_________________ wages
a) Clear
b) Minimum
c) Maximum
d) Fair
…………………………….
79. IRDA stands for_________________
80. It is said to be exist where there is a large number of procedures (firms) producing a same kind of product.
a) Monopoly competition
b) Monopolistic competition
c) Perfect competition
d) None
81. Which of the following aspects of economic activity is not control by MRTP?
a) Restrictive on buying/selling
b) Unfair trade practices
c) Concentration of economic power
d) Restrictive trade practices
82. Price control is the restriction on maximum prices that is established and maintained by the government.
a) True
b) False
83. Public policy is an attempt by the government to address a private issue.
a) True
b) False
84. The SEBI was established on________________
a) March 12, 1992
b) September 14, 1992
c) April 12, 1992
d) June 15, 1993
85. The seller of the security is-.
a) Bear
b) Bull
Examination Paper of Corporate Governance Professional
12 IIBM Institute of Business Management
c) Both a&b
d) none
86. Insider trading can be defined as the sale or purchase of securities by persons who possess price sensitive information about the company.
a) True
b) False
87. _______________ makes a commitment to get the underwritten issue subscribed either by other or by ………………………………
95. Government often uses quotas to restrict export.
a) True
b) False
96. Private companies can enjoy the right to transfer shares.
a) True
b) False
97. India has 22 stock exchanges.
a) True
b) False
98. Foreign companies are those, which have been incorporated outside India and conduct business in India.
a) True
b) False
99. Clause 49 has been prepared by the Reserve Bank of India.
a) True
b) False
100. Corporate Governance ensures easy access to capital.
a) True
b) False
S-2-011212
1 IIBM Institute of Business Management
IIBM Institute of Business Management
Subject Code-C103 Examination Paper MM.100
Corporate Governance Professional
1. Corporate Governance is-
a) About ethical conduct in business
b) Direct or indirect concerns in the organization
c) A manufacturing system
d) None of the above
2. The term corporate governance is derived from the-
a) Greek word
b) English word
c) French word
d) Latin word
3. The definition “Corporate Governance is the system by which business directed and controlled” is given by-
a) SEBI committee
b) OECD committee
c) Cadbury committee
d) All of the above
4. Internal control is implemented by the-
a) Board of directors
b) Audit committee
c) Management
d) All of the above
5. OECD stands for__________________
………………
a) CEO
b) Manager
c) Top management
d) Board of directors
10. SEBI stands for_________________
11. The role of corporate governance is-
a) To ensure the efficient use of resources
b) It increases the shareholders value
c) Reduce the procurement and inventory cost
d) All of the above
d) None of these
15. The key element of good corporate governance principle include-
……………………….
21. Which of the following come under the five principles of ethical power for organization?
a) Purpose
b) Pride
c) Patience
d) All of the above
22. Which of the following are the theories of corporate governance?
a) Shareholders theory vs. stakeholders theory
b) Stewardship theory
c) Property right theory
d) All of the above
Examination Paper of Corporate Governance Professional
4 IIBM Institute of Business Management
23. The stewardship theory is-
a) Control oriented
b) Involvement oriented
c) Both a&b
d) None of these
24. ____________________ include government nominees and representatives of financial institutions
a) Board of directors
b) Creditors, suppliers
c) Nominee directors
d) Chief executive officer
25. The ____________________ oversees internal control and disclosure controls and procedures for financial reporting.
a) Nominating committee
b) Audit committee
c) Board committee
d) Higgs committee
………………………34. Which of the following is use to ensure that the takeover bids are serious?
a) Disclosure
b) Trigger
c) Escrow
d) Creeping acquisition
35. Which of the following are the natures of complaints by shareholders?
a) Non receipt of dividend
b) Change of address
c) Transmission of shares
d) All of the above
36. The word “transmission” means-
a) Transfer by operation of law
b) Transfer by operation
c) Both a&b
d) None of the above
37. Competition, debt covenants, takeover and media pressure are the-
a) Internal corporate governance controls
b) External corporate governance control
c) Both a&b
d) None
38. Simple directors who attends board meeting of a company and participate of a company and participate in the matters before the board is-
Examination Paper of Corporate Governance Professional
6 IIBM Institute of Business Management
a) Ordinary directors
b) Managing directors
c) Executive directors
d) Shadow directors
39. The director who perform a specific role in a company under a service contract which requires a regular, possibly daily, involvement in management is known as-
a) Non-executive director
b) Additional director
c) Executive director
d) Ordinary director
……………………………
a) Property audit
b) Efficiency audit
c) Both a&b
d) Government audit
51. SICA stands for_______________
52. BIFR stands for_______________
53. Basic principles of audit are_______________
a) Integrity, objectivity & independence
Examination Paper of Corporate Governance Professional
8 IIBM Institute of Business Management
b) Confidentiality
c) Documentation
d) All of the above
54. As per the SEBI guidelines, the audit committee shall meet at least-
a) Twice a year
b) Thrice a year
c) Once a year
d) None
55. _________________ opined that the chairman of the audit committee should be an independent director.
a) Cadbury committee
b) Board committee
c) KM Birla committee
d) Audit committee
56. An audit committee should aware of technological changes, which is_________________ risk/condition.
a) Internal
b) External
c) Both a&b
d) None
57. The committees of the board involve_________________
a) Supervisory committee
b) Risk management committee
c) Shareholders’ redressal committee
d) All of these
…………………………
67. It is the responsibility of the firm towards its________________ to avoid any type of cartel formation that a attempts to reap monopoly profits.
a) Shareholders
b) Customers
c) Employees
d) Management
68. Four important group that business are shareholders, employees, customers and_________________
a) Management
b) Board of director
c) Society
d) Stakeholder
Examination Paper of Corporate Governance Professional
10 IIBM Institute of Business Management
69. NGO stands for_________________
70. Employees should get_________________ wages
a) Clear
b) Minimum
c) Maximum
d) Fair
…………………………….
79. IRDA stands for_________________
80. It is said to be exist where there is a large number of procedures (firms) producing a same kind of product.
a) Monopoly competition
b) Monopolistic competition
c) Perfect competition
d) None
81. Which of the following aspects of economic activity is not control by MRTP?
a) Restrictive on buying/selling
b) Unfair trade practices
c) Concentration of economic power
d) Restrictive trade practices
82. Price control is the restriction on maximum prices that is established and maintained by the government.
a) True
b) False
83. Public policy is an attempt by the government to address a private issue.
a) True
b) False
84. The SEBI was established on________________
a) March 12, 1992
b) September 14, 1992
c) April 12, 1992
d) June 15, 1993
85. The seller of the security is-.
a) Bear
b) Bull
Examination Paper of Corporate Governance Professional
12 IIBM Institute of Business Management
c) Both a&b
d) none
86. Insider trading can be defined as the sale or purchase of securities by persons who possess price sensitive information about the company.
a) True
b) False
87. _______________ makes a commitment to get the underwritten issue subscribed either by other or by ………………………………
95. Government often uses quotas to restrict export.
a) True
b) False
96. Private companies can enjoy the right to transfer shares.
a) True
b) False
97. India has 22 stock exchanges.
a) True
b) False
98. Foreign companies are those, which have been incorporated outside India and conduct business in India.
a) True
b) False
99. Clause 49 has been prepared by the Reserve Bank of India.
a) True
b) False
100. Corporate Governance ensures easy access to capital.
a) True
b) False
S-2-011212
