Company Secretaryship  ( ICSI )

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1.What fraction of the total number of directors in a board of a public limited company are liable to retire by rotation?

    a)two-third                      

    b)one-third                      

    c)total                              

    d)one-half                        

2.Normal tenure of a director in a public limited company is

   a)5 years                                     

   b)4 years                                     

   c)3 years                                     

   d)2 years                                     

3.Removal of a director is prescribed in which sections of the Companies Act,1956?

 a)284                             

b)274                              

c)283                               

d)273                              

4)It is mandatory for every company to have a wholetime company secretary if its

 a)paid up capital is Rs 25 lakh or more                       

 b)authorised capital is Rs 50 lakh or more                  

 c)paid up capital is more than Rs 50 lakh                   

d)paid up capital is Rs 50 lakh or more                       

5)Extraordinary General Meeting[EGM] cannot be held on a

a)public holiday                                        

b)at a place other than the town or city where registered office is located                                         

c)beyond business hours of the company

d)none of the above

6)Appointment of proxy is subject to stipulations made in which section of Companies Act,1956?

a)177    

b)178   

c)176   

d)276    

7)Which of the following require special resolution?

a)to commence new busines                      

b)declaration of dividend                           

c)appointment of directors by rotation          

d)cancellation,redemption of debentures      

8)Which of the following is not a contract of bailment?

a)pledge of goods                             

b)mortgage of property                     

c)pledge of gold                               

d)pledge of NSC                             

9)A broker is a 

a) mercantile agent

b) special agent

c) general agent

d)sub-agent

10)A enters into an agreement with B to sell 100 bales of cotton and afterwards discovers that B was an agent of C.

     Whom can A sue?

a)Both B & C                          

b)Only B                                 

c)Only C                                 

d)Either B or C but not both    

11)Dishonour of a cheque due to financial reasons may attract punishment of

a)  Imprisonment up to 1 year, fine up to twice the amount of cheque or both

b)  Only imprisonment upto 1 year

c)  Only fine twice the amount of the cheque

d) Imprisonment up to 2 years

12)Maximum liability of employer under Payment of Bonus Act,1965 shall not exceed

a)50% of salary or wage

b)20% of salary or wage

c)8.33% of salary or wage

d)100% of salary or wage

13)Salary or wage for purpose of payment of bonus under the Act includes

a) only basic

b basic plus dearness allowance

c)only dearness allowance

d)basic plus DA plus house rent allowance

14)Work-to-rule by workmen is 

a)strike                                                    

b)cessation of work                                 

c) not a strike                                          

d)not a strike nor cession of work             

15)Foreign Exchange Management Act[FEMA] came into force with effect from

a)1.6.2000                

b)1.6.1999                

c)1.4.1999                 

d)1.4.2000