941.Section 224 of the Companies Act 1956 contains provisions regarding the appointment of the –
A.Accountant
B.Internal auditor
C.External auditor
D.All of the above

942.Secretarial Audit is a ———- and it is a part of total compliance management in an organisation-
A.Company audit
B.Management audit
C.Legal audit
D.Compliance audit

943.The secretarial audit is an effective tool for corporate compliance management. It helps to detect non-compliance and to take-
A.Appropriate action
B.Legal action
C.Corrective measures
D.All of the above

944.Secretarial audit is essentially a mechanism to monitor compliance with the requirements of-
A.Company laws
B.Mercantile laws
C.Stated laws
D.Corporate laws

945.A compny secretary In Practice has been assigned the role of——– under section2(2)(c)(v) of the Company Secretaries Act,1980-
A.Internal auditor
B.Company auditor
C.Statutory auditor
D.Secretarial auditor

946.It is recommended that the ——– be carried out periodically(quarterly/half yearly)and adverse findings if any, be communicated to the Board for corrective action-
A.Internal audit
B.Statutory audit
C.Financial audit
D. Secretarial audit

947.As of now—- is not mandatory on the companies-
A.Secretarial audit
B.Statutory audit
C.Cost and management audit
D.Internal audit

948.Secretarial audit is optionally undertaken by the companie for maintaining-
A.Proper accounting
B.Proper records,documents& supervision
C.Good compliance management system
D.Good corporate Governance practice

949.Ministary of Corporate Affairs has issed mandatory——- on Companies engaged in Bulk drugs,fertiliation,sugar ,telecommunications,industrial alcohol and electricity &petroleum-
A.Secretarial audit records
B.Financial audit records
C.Statutory audit records
D.Cost audit records

950.Cost audit is mandatory if in immediate previous year aggregate value of——- exceeds the specified limits-
A.Total turnover
B.Paid up capital
C.Net worth
D.Total assets

NOTE
IF YOU THINK ANY OF THE MCQ ABOVE IS WRONG.
PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.
THANK YOU

Leave a Reply