{"id":5194,"date":"2024-04-15T10:50:41","date_gmt":"2024-04-15T05:20:41","guid":{"rendered":"https:\/\/gstguntur.com\/?p=5194"},"modified":"2024-04-16T16:04:38","modified_gmt":"2024-04-16T10:34:38","slug":"national-international-accounting-authorities-corporate-and-management-accounting-mcq","status":"publish","type":"post","link":"https:\/\/gstguntur.com\/national-international-accounting-authorities-corporate-and-management-accounting-mcq\/","title":{"rendered":"National & International Accounting Authorities \u2013 Corporate and Management Accounting MCQ"},"content":{"rendered":"

Students should practice National & International Accounting Authorities \u2013 Corporate and Management Accounting CS Executive MCQ<\/a> Questions with Answers based on the latest syllabus.<\/p>\n

National & International Accounting Authorities \u2013 Corporate and Management Accounting MCQ<\/h2>\n

Question 1.
\nThe profession of Company Secretaries is regulated in India by provisions of the___
\n(A) Companies Act, 2013
\n(B) Company Secretaries Act, 1988
\n(C) SEBI Regulations
\n(D) All of the above
\nAnswer:
\n(D) All of the above<\/p>\n

Question 2.
\nICSI functions under the jurisdiction of the –
\n(A) Prime Minister of India
\n(B) Ministry of Company Affairs
\n(C) NCLT
\n(D) Ministry of Corporate Affairs
\nAnswer:
\n(D) Ministry of Corporate Affairs<\/p>\n

Question 3.
\nCompany Secretary is also known as___
\n(A) Legal Officer
\n(B) Chief Company Law Officer
\n(C) Compliance Officer
\n(D) Ethical Officer
\nAnswer:
\n(C) Compliance Officer<\/p>\n

Question 4.
\nAt present near about persons are the members of ICSI.
\n(A) 55,000
\n(B) 1,05,000
\n(C) 2,02,000
\n(D) 3,48,000
\nAnswer:
\n(A) 55,000<\/p>\n

Question 5.
\nThe Council of ICAI constitutes of members of whom are elected by the Chartered Accountants and remaining are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.
\n(A) 20; 12; 4
\n(B) 40; 32; 8
\n(C) 30; 20; 6
\n(D) 50; 38; 9
\nAnswer:
\n(B) 40; 32; 8<\/p>\n

Question 6.
\nInstitute of Cost Accountants of India was established on –
\n(A) 10th May, 1960
\n(B) 28th May, 1960
\n(C) 28th May, 1959
\n(D) 10th May, 1959
\nAnswer:
\n(C) 28th May, 1959<\/p>\n

Question 7.
\nObjective of the Institute of Cost Accountants of India is –
\n(A) To promote and develop the adop\u00action of scientific methods in cost and management accountancy.
\n(B) To compete with the Chartered Accountants.
\n(C) To Implement the IFRS in India.
\n(D) To develop high-quality public sector financial reporting stan-dards.
\nAnswer:
\n(A) To promote and develop the adop\u00action of scientific methods in cost and management accountancy.<\/p>\n

Question 8.
\nMember of which organization can be appointed as statutory auditor of a company under the Companies Act, 2013.
\n(A) Member of ICSI
\n(B) Member of ICAI
\n(C) Member of ICWAI
\n(D) Any of the above
\nAnswer:
\n(B) Member of ICAI<\/p>\n

Question 9.
\nIFRS Foundation is a responsible for developing a single set of high-quality global accounting standards, known as IFRS Standards.
\n(A) Not-for-profit organization
\n(B) Statutory organization
\n(C) Nominee organization
\n(D) None of the above
\nAnswer:
\n(A) Not-for-profit organization<\/p>\n

Question 10.
\nThe IFRS Foundation has a governance structure
\n(A) Three-tier
\n(B) Two-tier
\n(C) Four-tier
\n(D) Five-tier
\nAnswer:
\n(A) Three-tier<\/p>\n

Question 11.
\nFinancial Reporting Council (UK) is a:
\n(A) Company limited by guarantee
\n(B) Unlimited company
\n(C) Subsidiary company of IFRS
\n(D) Associate company of the Insti-tute of Chartered Accounts of England
\nAnswer:
\n(A) Company limited by guarantee<\/p>\n

Question 12.
\nThe Financial Reporting Council (UK) board is supported by three committees, namely:
\n(A) Presidents Committee; Profes-sional Committee; Implementa-tion Committee
\n(B) Core Standards Committee; Conduct Committee; Standby Committee
\n(C) Official Committee; Subsidiary Committee; Professional Com-mittee
\n(D) Codes & Standards Committee; Executive Committee; Conduct Committee
\nAnswer:
\n(D) Codes & Standards Committee; Executive Committee; Conduct Committee<\/p>\n

Question 13.
\nApproval of exposure drafts, re-exposure drafts, and IPSASs are made by the affirmative vote of at least of the International Public Sector Accounting Standards Board (IPSASB) members.
\n(A) one-third
\n(B) two-thirds
\n(C) one-half
\n(D) three-fourth
\nAnswer:
\n(B) two-thirds<\/p>\n

Question 14.
\nThe European Financial Reporting Advisory Group (EFRAG) is a private association established in –
\n(A) 1901
\n(B) 2001
\n(C) 1991
\n(D) 2011
\nAnswer:
\n(B) 2001<\/p>\n

Question 15.
\nProfessional Oversight Board (POB) is a:
\n(A) Accountancy & Actuarial Discipline Board of UK
\n(B) Australian regulatory body
\n(C) UK regulatory body
\n(D) Canadian accounting body
\nAnswer:
\n(C) UK regulatory body<\/p>\n","protected":false},"excerpt":{"rendered":"

Students should practice National & International Accounting Authorities \u2013 Corporate and Management Accounting CS Executive MCQ Questions with Answers based on the latest syllabus. National & International Accounting Authorities \u2013 Corporate and Management Accounting MCQ Question 1. The profession of Company Secretaries is regulated in India by provisions of the___ (A) Companies Act, 2013 (B) …<\/p>\n

National & International Accounting Authorities \u2013 Corporate and Management Accounting MCQ<\/span> Read More »<\/a><\/p>\n","protected":false},"author":3,"featured_media":14410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"https:\/\/gstguntur.com\/wp-content\/uploads\/2021\/10\/National-International-Accounting-Authorities-\u2013-Corporate-and-Management-Accounting-MCQ.png","_links":{"self":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/5194"}],"collection":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/comments?post=5194"}],"version-history":[{"count":2,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/5194\/revisions"}],"predecessor-version":[{"id":14413,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/posts\/5194\/revisions\/14413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/media\/14410"}],"wp:attachment":[{"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/media?parent=5194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/categories?post=5194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gstguntur.com\/wp-json\/wp\/v2\/tags?post=5194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}