Corporate Governance in India Quiz 1

What is the primary purpose of Corporate Governance?

• To eliminate competition

• To ensure transparency and accountability

• To increase government control

• To maximize profits at any cost

Who authored the e-book on Corporate Governance in India?

• CA. Vijaysundar

• CA. M K Sridhar

• CA. Naresh Chandra

• CA. K. Jalapathi

Which act governs Limited Liability Partnerships (LLPs) in India?

• Companies Act, 2013

• Corporate Social Responsibility Act

• Securities and Exchange Board of India Act

• Limited Liability Partnership Act, 2008

What does CSR stand for in the context of Corporate Governance?

• Corporate Social Responsibility

• Corporate System Regulation

• Corporate Security Review

• Corporate Sustainability Report

Which committee was set up by SEBI in 1999 to improve Corporate Governance standards?

• National Task Force

• Kumaramangalam Birla Committee

• Naresh Chandra Committee

• N R Narayana Murthy Committee

What is one of the principles of Corporate Governance according to OECD?

• Limiting stakeholder engagement

• Minimizing regulatory compliance

• Ensuring the basis for an effective corporate governance framework

• Maximizing shareholder wealth

What is the role of the National Foundation for Corporate Governance (NFCG)?

• To enforce penalties for non-compliance

• To audit corporate financial statements

• To provide a platform for discussing good corporate governance

• To regulate stock exchanges

Which of the following is NOT a principle of good governance?

• Responsiveness

• Accountability

• Secrecy

• Transparency

What does the '4 P's' in Corporate Governance refer to?

• People, Purpose, Process, Performance

• Policies, Procedures, Practices, Principles

• Partnership, Profit, Performance, Planning

• Planning, Production, Profit, People

What is the main focus of Environmental, Social, and Governance (ESG) reporting?

• Maximizing profits

• Sustainability and ethical practices

• Employee satisfaction

• Government regulations