C:-Bankruptcy Board of India

D:-Special Tribunal

Correct Answer:- Option-A
Question55:-The main purpose of the ..... is to enable and empower the secured creditors to take possession of their
securities and to deal with them without the intervention of the court and also alternatively to authorize any securitisation
or reconstruction company to acquire financial assets of any bank or financial institution

A:-Provincial Insolvency Act, 1920

B:-The payment and Settlement Systems Act, 2007

C:-SARFAESI Act, 2002

D:-The Insolvency and Bankruptcy Code 2016

Correct Answer:- Option-C
Question56:-..... refer to the "Whereas" clauses that precede the main text of a contract

A:-Recitals

B:-Testatum

C:-Operative clause

D:-Inference

Correct Answer:- Option-A

Question57:-In ..... a mortgagor binds himself to repay the mortgaged money on certain date and transfers the mortgaged
property absolutely to the mortgagee subject to the provision that he will re-transfer it to the mortgagor upon payment of
the mortgaged money as agreed.

A:-Simple Mortgage
B:-English Mortgage
C:-Usufructuary Mortgage
D:-Mortgage by Conditional Sale
Correct Answer:- Option-B
Question58:-..... means that the accused and the complainant have come to terms and the dispute between the parties has
been settled amicably or adjusted by agreement and the complainant agrees not to prosecute the accused.
A:-Accommodation
B:-Conciliation
C:-Compounding
D:-Disgorgement
Correct Answer:- Option-C
Question59:-Secretarial Standard 9 (ss-9) deals with
A:-Forfeiture of Shares
B:-Board's Report
C:-Affixing of Common Seal
D:-Transmission of Shares and Debentures
Correct Answer:- Option-A

Question60:-The scope of include analysis of financial statements, business plan, sustainability of business, future
aspects, corporate and management structure, legal issues etc.

A:-Audit

B:-Routine Checking

:-Due diligence
D:-Ratio analysis
Correct Answer:- Option-C

Question61:-..... is the technique use by auditor to obtain the audit evidence in order to support auditor opinion
A:-Internal check
B:-Confirmation
C:-Surprise checking
D:-Substantive checking
Correct Answer:- Option-D

Question62:-Organizations face ..... when management purposely tampers data and information and makes fake promises
and wrong commitments to the customers.

A:-Crisis of deception
-Crisis of Skewed Management Values
C:-Crisis of Malevolence
D:-Confrontation Crisis
Correct Answer:- Option-A
Question63:-The promoters should contribute ....., in case of a public issue by an unlisted company.
A:-Not less than 20% of post-issue capital