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Subject: Corporate Governance and Ethics

Total Number of Question: 40

Time: 41 Minutes

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CMA Madhuri Kashyap

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What does corporate governance primarily focus on?

Wealth creation

Stakeholder management

Ethical decision-making

Profit maximization

Which of the following is a key principle of corporate governance?

Secrecy

Accountability

Profit-sharing

Risk avoidance

Who is responsible for the implementation of corporate governance in a company?

Employees

Board of Directors

Suppliers

Customers

The term "independent director" is most associated with which aspect of corporate governance?

Financial reporting

Transparency

Accountabilityy

Objectivity

Which of the following is NOT a characteristic of good corporate governance?

Transparency

Accountability

Corruption

Responsibility

The concept of corporate governance is rooted in which of the following theories?

Agency theory

Game theory

Utility theory

Growth theory

What is the role of a corporate governance committee?

Budget approval

Marketing strategies

Product development

Monitoring governance practices

The Sarbanes-Oxley Act was introduced in which country to enhance corporate governance?

India

United States

United Kingdom

Australia

Which body in India regulates corporate governance norms?

RBI

SEBI

NITI Aayog

IRDAI

10.

What is the primary objective of corporate governance?

Maximizing market share

Ensuring compliance and transparency

Enhancing product quality

Reducing operational costs

11.

Which term describes the adherence to ethical standards and practices in corporate governance?

Integrity

Profitability

Authority

Risk-taking

12.

Which is an example of unethical corporate behavior?

Bribery

Compliance with laws

Corporate social responsibility

Fair wages

13.

Which principle emphasizes fairness to all stakeholders?

Equity

Profitability

Growth

Risk management

14.

A whistleblower is someone who:

Invests in a company

Reports unethical practices

Approves financial statements

Serves as a CEO

15.

Which organization promotes ethics in corporate governance globally?

OECD

IMF

World Bank

WTO

16.

Corporate social responsibility is related to:

Maximizing shareholder value

Ethical obligations toward society

Reducing operational costs

Increasing sales

17.

Which of the following is a key ethical issue in corporate governance?

Tax evasion

Gender diversity

Transparent auditing practices

All of the above

18.

Ethics in corporate governance is necessary to avoid:

Increased profits

Legal liabilities

Conflicts of interest

High salaries

19.

A company's code of ethics is designed to:

Outline profitability goals

Guide ethical decision-making

Eliminate competition

Reduce production costs

20.

Which is an example of ethical behavior in corporate governance?

Insider trading

Transparency in disclosures

Bribery for contracts

Data manipulation

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

22.

A company donating to a local charity is practicing:

Compliance management

Corporate social responsibility

Tax evasion

Market penetration

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

24.

If a company prioritizes profit over environmental protection, it is breaching:

Legal regulations

Ethical principles

Employee contracts

Marketing goals

25.

Which of the following would improve corporate governance?

Nepotism

Transparency

Insider trading

Corruption

26.

Which report ensures shareholders understand a company's governance practices?

Financial report

Annual corporate governance report

Marketing report

Operational report

27.

Ethics are important in corporate governance because they:

Maximize profits

Ensure trust and credibility

Reduce taxes

Promote insider trading

28.

What does ESG stand for in corporate governance?

Equity, Sustainability, Governance

Environment, Social, Governance

Ethics, Strategy, Growth

Environment, Stakeholders, Goals

29.

Which of the following practices is prohibited under ethical governance?

Tax planning

Insider trading

Employee training

Philanthropy

30.

What is the purpose of a whistleblower policy?

To reward employees

To report unethical activities

To promote company profits

To restructure departments

31.

Corporate governance failures lead to:

Increased trust

Loss of reputation

Market dominance

Higher employee morale

32.

Which ethical issue arises when personal benefits conflict with professional duties?

Transparency

Conflict of interest

Stakeholder engagement

Corporate governance

33.

Which mechanism supports ethical behavior in companies?

Code of conduct

Insider trading

Tax evasion

Profit maximization

34.

A company's CSR activities are often aligned with:

Compliance

Stakeholder interests

Cost-cutting measures

Marketing strategies

35.

Which practice reflects a lack of corporate ethics?

Transparent accounting

Bribery for contracts

Environmental sustainability

Fair trade

36.

What is the primary focus of business ethics?

Shareholder profit maximization

Right and wrong conduct in business

Tax savings

Reducing competition

37.

What is the global standard for corporate social responsibility?

ISO 26000

ISO 14001

GAAP

OECD Guidelines

38.

Who is responsible for ensuring ethical practices in a corporation?

Top management and employees

Customers

External regulators

Competitors

39.

Which of the following is a principle of the UN Global Compact?

Market share growth

Respect for human rights

Tax optimization

40.

Ethics in corporate governance helps in:

Building long-term value

Immediate profit-making

Reducing employee count

Avoiding competition

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