61.

62.

63.

64.

65.

66.

Where the chairman of the board is a non-executive director but is related to any promoter,
the proportion of independent directors to be included in the board as per Companies Act
2013:

(^) atleast 1/3 (B) atleast 1/2
(C) atleast 2/3 (D) atleast 1/4

Which of the following statement is not true about the audit committee as per Clause 49?
(A) The Company secretary shall act as secretary to the committee
(B) The Chairman of the audit committee shall be an independent director
(C) One-Third of the members of the audit committee shall be independent directors
(D) The chairman of the audit committee shall present at the annual general body
meeting to answer the shareholder queries
According to M. Rokeach’s types of values, which one of the following is a terminal value?
(A) Comfortable life (B) Hard work and achievement

(C) Education and intellectual pursuits (D) Caring towards others

Which of the following statement is not true about the profitability index?
(A) Profitability index is the ratio of benefits to cost
(B) Profitability index is also called the present value index

(C) If the profitability index is equal to one, then the net present value will be equal
to one

(D)_ If the profitability index is more than one accept the project
“Permanent working capital requirements should be financed by long-term funds and

temporary working capital requirements should be financed out of short-term funds” Identify
the approach :

(A) Hedging approach (B) Conservative approach
(C) Aggressive approach (D) Zero working capital approach

Optimum capital structure is determined by taking into consideration :
@ Financial leverage
Gi) Cost of capital
(ii) Value of the firm
(ಯ) Only (ii) and (iii) (B) Only (i) and (ii)
(C) Only (@) and (iii) ൯) Allof the above

082/2023 12 A