Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Corporate and Economic Laws Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email Area Pin Code 1. Which of the following statements about a Private Limited Compa It can invite the public to subscribe to its shares It must have a minimum of 7 members It has restrictions on share transferability It cannot issue preference shares None 2. Which section of the Companies Act, 2013 deals with Corporate Social Responsibility (CSR)? Section 125 Section 135 Section 145 Section 155 None 3. The maximum tenure of a Managing Director as per the Companie 3 years 5 years 7 years 10 years None 4. Which of the following is NOT a type of company as per the Comp Producer Company Section 8 Company Banking Company Chartered Company None 5. Which of the following documents is required for the incorporation Share Certificate Memorandum of Association Debenture Trust Deed Dividend Declaration Form None 6. The statutory meeting of a company must be held within: 3 months of incorporation 6 months of incorporation 9 months of incorporation 12 months of incorporation None 7. Which type of share gives voting rights to its holder? Preference Share Equity Share Debenture Convertible Bond None 8. What is the minimum paid-up capital required for a public compa ₹50,000 ₹1 lakh ₹5 lakh No minimum requirement None 9. Which financial statement provides details about a company’s financial position at a particular point in time? Balance Sheet Income Statement Cash Flow Statement Statement of Changes in Equity1 None 10. A company that fails to repay deposits on time may face penalties under RBI Act, 1934 SEBI Act, 1992 Companies Act, 2013 FEMA, 1999 None 11. Which of the following is NOT a regulatory function of SEBI? Registration of mutual funds Regulation of stock exchanges Issuance of currency notes Prohibition of insider trading None 12. Which of the following is NOT a type of mutual fund? Equity Fund Debenture Fund Balanced Fund Index Fund None 13. Under SEBI regulations, an insider is a person who: Works in a brokerage firm Holds confidential price-sensitive information Is a retail investor Only deals in commodities None 14. Who is responsible for issuing and regulating debentures? SEBI RBI NCLT MCA None 15. Which of the following is a secondary market instrument? IPO Rights Issue Debentures Trading of existing shares on stock exchanges None 16. Which of the following transactions is NOT covered under FEMA, 1999? Foreign investment Export of goods Domestic bank transactions Borrowing from foreign sources None 17. The Competition Commission of India (CCI) regulates: Mergers and Acquisitions Foreign Exchange Transactions Mutual Funds Banking Operations None 18. The purpose of the Insolvency and Bankruptcy Code (IBC) is to: Regulate financial markets Provide a resolution mechanism for distressed companies Control inflation Monitor banking operations None 19. Which of the following entities is responsible for controlling Money Laundering activities in India? SEBI RBI Enforcement Directorate (ED) Competition Commission of India None 20. Under the Consumer Protection Act, 2019, a complaint can be filed in the District Commission for cases involving amounts up to: ₹10 lakh ₹50 lakh ₹1 crore ₹5 crore None 21. The primary objective of the SARFAESI Act, 2002 is to: Regulate banking transactions Recover non-performing assets (NPAs) Prevent insider trading Monitor money laundering None 22. Which tribunal hears appeals under the IBC? Securities Appellate Tribunal (SAT) National Company Law Tribunal (NCLT) Competition Appellate Tribunal (COMPAT) Debt Recovery Tribunal (DRT) None 23. Which of the following is NOT considered a money laundering offense? Smuggling Hawala Transactions Payment of GST Terrorist Financing None 24. Who is responsible for enforcing the Foreign Exchange Management Act (FEMA), 1999? SEBI RBI MCA NCLT None 25. Which of the following acts regulate financial frauds in India? SEBI Act, 1992 Companies Act, 2013 Prevention of Money Laundering Act, 2002 All of the above None 26. Which authority is responsible for registering companies in India? SEBI RBI Ministry of Corporate Affairs (MCA) NCLT None 27. Which of the following is NOT a type of resolution under the Companies Act, 2013? Ordinary Resolution Special Resolution Board Resolution Corporate Resolution None 28. Under the Companies Act, 2013, which form of capital represents the maximum amount a company is allowed to raise? Authorized Capital Issued Capital Subscribed Capital Paid-up Capital None 29. Which type of company is formed to promote commerce, art, science, sports, education, or research, without the intention of earning a profit? Private Limited Company Public Limited Company Section 8 Company Government Company None 30. Who appoints the first directors of a company? Shareholders Board of Directors Promoters Registrar of Companies None 31. Which authority is responsible for protecting investors in the securities market? SEBI RBI MCA NCLT None 32. Which of the following is an example of a money market instrument? Equity Shares Debentures Treasury Bills Mutual Funds None 33. What is the full form of IPO in the stock market? Initial Private Offering Indian Public Offer Initial Public Offering Institutional Public Order None 34. What does the term "Insider Trading" refer to? Trading securities based on publicly available information Trading securities based on non-public price-sensitive information Trading on the stock exchange by brokers None of the above None 35. The minimum public shareholding requirement for a listed company in India is 10% 25% 30% 50% None 36. The Prevention of Money Laundering Act (PMLA), 2002 is administered by SEBI RBI Enforcement Directorate (ED) NCLT None 37. The FEMA Act, 1999 regulates: Domestic trade transactions Foreign exchange transactions Banking operations Mutual funds None 38. Which law governs competition and prohibits anti-competitive practices in India? The Companies Act, 2013 The Competition Act, 2002 The FEMA Act,1999 The SEBI Act, 1992 None 39. Who approves the Corporate Insolvency Resolution Plan under IBC? NCLT SEBI MCA Committee of Creditors (CoC) None 40. Which of the following authorities has the power to investigate unfair trade practices under the Competition Act, 2002? SEBI CCI RBI NCLT 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. 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