Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Corporate Governance and EthicsTotal Number of Question: 40Time: 41 MinutesPlease check your email after completion of test for result.All the best... Name Phone No Email State 1. What does corporate governance primarily focus on? Wealth creation Stakeholder management Ethical decision-making Profit maximization None 2. Which of the following is a key principle of corporate governance? Secrecy Accountability Profit-sharing Risk avoidance None 3. Who is responsible for the implementation of corporate governance in a company? Employees Board of Directors Suppliers Customers None 4. The term "independent director" is most associated with which aspect of corporate governance? Financial reporting Transparency Accountabilityy Objectivity None 5. Which of the following is NOT a characteristic of good corporate governance? Transparency Accountability Corruption Responsibility None 6. The concept of corporate governance is rooted in which of the following theories? Agency theory Game theory Utility theory Growth theory None 7. What is the role of a corporate governance committee? Budget approval Marketing strategies Product development Monitoring governance practices None 8. The Sarbanes-Oxley Act was introduced in which country to enhance corporate governance? India United States United Kingdom Australia None 9. Which body in India regulates corporate governance norms? RBI SEBI NITI Aayog IRDAI None 10. What is the primary objective of corporate governance? Maximizing market share Ensuring compliance and transparency Enhancing product quality Reducing operational costs None 11. Which term describes the adherence to ethical standards and practices in corporate governance? Integrity Profitability Authority Risk-taking None 12. Which is an example of unethical corporate behavior? Bribery Compliance with laws Corporate social responsibility Fair wages None 13. Which principle emphasizes fairness to all stakeholders? Equity Profitability Growth Risk management None 14. A whistleblower is someone who: Invests in a company Reports unethical practices Approves financial statements Serves as a CEO None 15. Which organization promotes ethics in corporate governance globally? OECD IMF World Bank WTO None 16. Corporate social responsibility is related to: Maximizing shareholder value Ethical obligations toward society Reducing operational costs Increasing sales None 17. Which of the following is a key ethical issue in corporate governance? Tax evasion Gender diversity Transparent auditing practices All of the above None 18. Ethics in corporate governance is necessary to avoid: Increased profits Legal liabilities Conflicts of interest High salaries None 19. A company's code of ethics is designed to: Outline profitability goals Guide ethical decision-making Eliminate competition Reduce production costs None 20. Which is an example of ethical behavior in corporate governance? Insider trading Transparency in disclosures Bribery for contracts Data manipulation None 21. What should a board member do if they face a conflict of interest? Ignore the conflict Disclose the conflict Resign immediately Hide the conflict None 22. A company donating to a local charity is practicing: Compliance management Corporate social responsibility Tax evasion Market penetration None 23. What is the ethical action if an employee discovers financial fraud in the company? Ignore it Inform the management or whistleblowing channel Join the fraudulent activity Resign immediately None 24. If a company prioritizes profit over environmental protection, it is breaching: Legal regulations Ethical principles Employee contracts Marketing goals None 25. Which of the following would improve corporate governance? Nepotism Transparency Insider trading Corruption None 26. Which report ensures shareholders understand a company's governance practices? Financial report Annual corporate governance report Marketing report Operational report None 27. Ethics are important in corporate governance because they: Maximize profits Ensure trust and credibility Reduce taxes Promote insider trading None 28. What does ESG stand for in corporate governance? Equity, Sustainability, Governance Environment, Social, Governance Ethics, Strategy, Growth Environment, Stakeholders, Goals None 29. Which of the following practices is prohibited under ethical governance? Tax planning Insider trading Employee training Philanthropy None 30. What is the purpose of a whistleblower policy? To reward employees To report unethical activities To promote company profits To restructure departments None 31. Corporate governance failures lead to: Increased trust Loss of reputation Market dominance Higher employee morale None 32. Which ethical issue arises when personal benefits conflict with professional duties? Transparency Conflict of interest Stakeholder engagement Corporate governance None 33. Which mechanism supports ethical behavior in companies? Code of conduct Insider trading Tax evasion Profit maximization None 34. A company's CSR activities are often aligned with: Compliance Stakeholder interests Cost-cutting measures Marketing strategies None 35. Which practice reflects a lack of corporate ethics? Transparent accounting Bribery for contracts Environmental sustainability Fair trade None 36. What is the primary focus of business ethics? Shareholder profit maximization Right and wrong conduct in business Tax savings Reducing competition None 37. What is the global standard for corporate social responsibility? ISO 26000 ISO 14001 GAAP OECD Guidelines None 38. Who is responsible for ensuring ethical practices in a corporation? Top management and employees Customers External regulators Competitors None 39. Which of the following is a principle of the UN Global Compact? Market share growth Respect for human rights Tax optimization None 40. Ethics in corporate governance helps in: Building long-term value Immediate profit-making Reducing employee count Avoiding competition None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test.Look out for results and future opportunities.Stay Connected !! Your quiz time is about to finish. Few seconds left. 1 2 3 4 Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
