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    10 Sample Question For Independent Director Examination

    Uploaded by

    Parameswaran Radhika Ravi
    sample questions IDI

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    10 Sample Question For Independent Director Examination

    Uploaded by

    Parameswaran Radhika Ravi
    46 views3 pages
    sample questions IDI

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    10 sample question for Independent director Examination

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    sample questions IDI

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    46 views3 pages

    10 Sample Question For Independent Director Examination

    Uploaded by

    Parameswaran Radhika Ravi
    sample questions IDI

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    10 sample question for independent director Examination – India

    1. What comes under Duty of Care of BOD?


    a) A director performs his duties in good faith and in a manner that he serves for
    the best interest of the corporation
    b) Attention at meetings,
    c) Decision Making – exercise reasonable business judgement
    d) A l l o f t h e a b o v e
    Answer D

    2. The minimum capital of the company for which the whole-time company secretary
    is required to be appointed as per Companies Act is ________.
    a. Rs. 2 crore b. Rs. 5 crore
    c. Rs. 10 crore d. None of above
    Sweat Equity share means equity shares issued by a company to its directors or employee:
    a. At a discount b. For consideration, other than cash, for providing their know-how.
    c. For making available rights in the nature of intellectual property rights or value addition.
    d. All of the above

    3. Who elect the Managing Director?


    a. Shareholders
    b. b. Promoters
    c. C) b o a r d
    d. d . Government
    Answer C

    4. A person who is not the member of Board but has some power to run it
    can beappointed as the director but according to member’s wish is called –
    directors.
    a. Additional Director
    b.Shadow Director
    c. Non-executive Director
    d. Residence Director
    Answer B
    5. Which is not among some responsibilities which board of directors?
    a. Determining the company’s strategic objectives and policies.
    b. Monitoring progress towards achieving the objectives and policies.
    c. Appointing senior management.
    d. Accounting for the company’s activities to relevant parties, e.g. shareholders
    6. What makes to achieve the diversity in the board structure?
    a.each director is from different field
    b.their attention is diverted to policy matters
    c.some of the directors are independent directors
    d.all the directors are not executive directors
    Answer A
    Q3. What is the most important aspect of board effectiveness?
    a.all directors attend the board meeting
    b. the board has clear objective for evaluation
    c. chairman controls the board
    d.directors are popular persons
    Answer A
    7. 1) Minimum no of Directors for Private Limited
    a) 5
    b) 7
    c) 2
    d) 10
    Answer c.

    8. _ Maximum no of Directors for a company


    a) 20
    b) 25
    c) 15 According to Section 165 of the Companies Act, 2013, a company can have a
    maximum of 15 directors. However, a company can appoint more directors by passing a
    special resolution at its general meeting.
    d) None
    Answer C.
    9. Minimum no of members for Private Limited
    a) 3
    b) 4
    c) 2
    According to the Companies Act 2013, a private limited company (PVT Ltd) must have a
    minimum of two members and a maximum of 200 to be legally registered. These members
    can be natural people or companies, including foreign companies.
    D) 18.
    Answer C.
    10. Minimum no of members for Public Limited
    a) 9
    b) 4
    c) 7
    d) 11
    Answer c.

    Please Loging and refer https://www.independentdirectorsdatabank.in/self_assessment


    Provided by the Ministry of corporate affairs

    All the Best

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