Diploma in Corporate Social Responsibility (CSR) /60 0 Your Examination is Complete !You will get your result in your email id within 10 days.kindly also email your 10th Marskheet and Aadhar Card copy at iisdtindia@gmail.com. Diploma in Corporate Social Responsibility (CSR) 1 / 60Which among the following is not a correct statement with regard to Corporate Governance in India? Every company must appoint an individual or firm as auditor. The independent directors must attend at least three meetings a year. One or more women directors are recommended for certain classes of companies. The maximum number of permissible directors cannot exceed 15 in a public limited company. 2 / 60Management Audit assess the efficiency of management for third parties to commit funds for the business in situation such as – Granting loans or participation in equity Reviving sick units Foreign collaborations All of the above 3 / 60Which of the following statements are true about management audit? The management audit is made compulsory and statutory. Management audit cannot be conducted by an independent person. No time limit can be fixed for submission of the report under management audit. Management audit is a programme of one year. 4 / 60Which of the following is an example of an environmental CSR initiative? Launching a new advertising campaign Donating to a local charity Reducing carbon emissions Increasing executive salaries 5 / 60Which of the following is NOT a common area of focus for CSR initiatives? Environmental sustainability Employee satisfaction Profit maximization Community development 6 / 60What does the importance of ethical behaviour, integrity and trust call into question? The extent to which managers should attempt to change the underlying beliefs and values of individual followers. Who does what What we do next None of the above 7 / 60For an assessed carrying on business in India, deductions allowed under Section 33AB includes businesses of Growing and manufacturing of tea Growing and manufacturing of coffee Growing and manufacturing of rubber All of the above 8 / 60The governance flaws of collapsed companies may be happened due to Failure of the Board of Directors Flaws in External Audit Dominating Dishonest CEO All of the above. 9 / 60International auditing standards are issued by the: International Accounting Standards Board Financial Accounting Standards Board International Audit and Assurance Standards Board Auditing Practices Board 10 / 60Selecting and printing audit samples, comparing data on separate files, comparing audit data with clients’ records Functions of Generalized Audit Software Integrated Test Data Approach Test Data Approach All of the above 11 / 60What is Ethics to do with? The wider community Business Right and wrong Nothing 12 / 60What is the triple bottom line concept in CSR? Three primary CSR areas Three layers of CSR reporting Three-fold increase in profits Three dimensions of performance: People, Planet, and Profit 13 / 60Some common forms of corporate philanthropy are Cash donations In-kind donations Both (a) and (b) None of the above. 14 / 60If the auditor is unable to draw reasonable assurance, he should either withdraw from engagement if permitted by law or disclaim his opinion, is given in which Standard on Auditing. SA500 SA200 SA705 SA700 15 / 60global organization promotes responsible business conduct and CSR through its guidelines for multinational enterprises? World Trade Organization (WTO) International Monetary Fund (IMF) Organization for Economic Co-operation and Development (OECD). United Nations (UN) 16 / 60Corporate social responsibility provides a wide range of benefits for companies in terms of Increased brand value and reputation Increased attraction and retention of employees Easier availability of finance All of the above 17 / 60Which of the following is ingredients of environmental CSR? Elimination of waste and emission Maximizing energy efficiency Minimizing practices that may adversely affect use of natural resources All of the above 18 / 60What is the term for a company’s obligation to be accountable for its impact on society and the environment? Social duty Environmental responsibility Corporate accountability Ethical compliance 19 / 60What is meant by the phrase 'teleological ethics'? Is used to judge is an action is right, fair and honest. An action can only be judged by its consequences. Developing the individual personal characteristics.The key purpose of ethics is to increase freedom. The key purpose of ethics is to increase freedom. 20 / 60What is meant by the phrase CSR? Corporate Social Responsibility Company Social Responsibility Corporate Society Responsibility Company Society Responsibility 21 / 60The section which contains provisions regarding compulsory Tax Audit is Section 44AD Section 44BB Section 44AB Section 44AE 22 / 60What is meant by the phrase 'teleological ethics'? Is used to judge is an action is right, fair and honest. An action can only be judged by its consequences. Developing the individual personal characteristics. The key purpose of ethics is to increase freedom. 23 / 60Which of these is an example of a social-focused CSR initiative? Implementing energy-efficient manufacturing processes Donating funds to disaster relief organizations Reducing water usage in production Increasing shareholder dividends 24 / 60Which country is known for its legal requirement that companies report on their CSR activities? United States China Sweden India 25 / 60___ is a tool for corporate governance. Training Recruitment Communication Consulting 26 / 60Which of the following does the term Corporate Social Responsibility relate to? Ethical conduct. Environmental practice. Community investment. All of the above 27 / 60What is the purpose of a balanced scorecard? To measure contribution of people to business growth. To combine a range of qualitative and quantitative indicators of performance. To relate business performance to customer satisfaction. To relate business performance to financial measures. 28 / 60Corporation are regarded as in the eyes of the law Artificial person Natural person Fictitious person None of the above 29 / 60Corporations are controlled and directed by which one of the following? Corporate ethics Corporate codes Corporate governance Corporate mechanism 30 / 60Which of the following is a benefit often associated with CSR for businesses? Increased short-term profits Decreased employee morale Legal liabilities Enhanced employee loyalty and productivity 31 / 60What does and Ethical Foundation for an organisation embody? The structure, operational and conduct of the activities of the organization The basic principles which govern the external and internal relations of the organization. Neither of the above. All of these 32 / 60Compliance with standard of Auditing is the responsibility of Management Those charged with governance Auditor Audit committee 33 / 60Which stakeholder group is typically the primary focus of CSR initiatives? Shareholders Employees Customers Government 34 / 60Which CSR approach focuses on integrating social and environmental concerns into core business operations? Philanthropic CSR Philanthropic CSR Strategic CSR Regulatory CSR 35 / 60The business ethics is also known as Corporate philanthropy Corporate Social Responsibility Corporate Ethics None of the above 36 / 60Which of the following is the major corporate collapses arising out of scam in India Kingfisher Airlines Enron WorldCom Maxwell Communication 37 / 60The CSR committee must be composed of 3 or more Directors Only 1 director 2 Directors No Director 38 / 60The members of the corporate social responsibility committee will be appointed by Board of directors Shareholders Managing director Chief Executive Officer 39 / 60Cost audit is the verification of the correctness of cost accounts and adherence to the cost accounting plan. This concept is given by Institute Of Chartered Accountant of India Institute Of Chartered Accountant of London Institute of Cost and Works Accountants of India Institute of Cost and Works Accountants of London. 40 / 60Transactions entered in the computer as they occur and processed simultaneously in the processing capabilities of accounting system is Batch processing system Real-time processing system Distributed Data processing None of the above 41 / 60. Corporate governance code in the United Kingdom was set up in 1992 by the Thornton Committee Rowntree Committee Cadbury Committee Nestlé Committee 42 / 60CSR aims to strike a balance between which two important aspects? Economic growth and environmental conservation Employee welfare and customer satisfaction Profitability and market share Regulatory compliance and shareholder dividends 43 / 60Audit software includes Generalized Audit Software Specialized Audit Software Utility Software All of the Above 44 / 60Under the Companies Act, 2013 a cost auditor must be a cost accountant having certificate of practice issued by the institute of Cost Accountants of India as per Section 148 Section 147 Section 150 Section 151 45 / 60Which famous business leader is often associated with the concept of “shared value” in CSR? Warren Buffett Bill Gates Richard Branson Mark Zuckerberg 46 / 60What is the main criticism often directed at CSR? Lack of government support Insufficient focus on profits Greenwashing Overemphasis on shareholder interests 47 / 60Which global initiative encourages businesses to adopt sustainable and socially responsible policies? Corporate Green Guidelines United Nations Global Compact Sustainable Business Pledge Green Business Initiative 48 / 60A ________ _________ sets out the purpose and general direction for the organisation? Mission statement Purpose statement Vision Profit statement 49 / 60The ------- can be removed after the expiry of his term of office, as per the procedures laid down in section 225. BOD Clerk Auditor Shareholders. 50 / 60The key purpose of ethics is to increase freedom. Transforming products to be more ethical. Making a product appear more ethical that it really is. Converting the company to green production methods. Convincing customers to buy ethically. 51 / 60Good corporate citizenship ________. is expensive to implement and does not guarantee returns. must have management’s sincere convictions behind it in order to succeed. is more relevant in countries with less regulation. Makes good business sense. 52 / 60Which of the following is NOT a common category of CSR stakeholders? Customers Suppliers Competitors Employees 53 / 60Which international standard provides guidelines for CSR reporting? ISO 9001 ISO 14001 ISO 26000 ISO 50001 54 / 60An appointed auditor may be removed from his office either in accordance with the provisions and as per restrictions imposed by the Companies Act Chartered Accountants Act Both (a) and (b) None of the above. 55 / 60Which of the following is a primary motivation for companies to engage in CSR activities? Avoiding taxes Enhancing brand reputation Reducing employee salaries Maximizing shareholder wealth 56 / 60Which agreement did 196nations adopt in December 2015? Oslo Accord Paris Climate Agreement Kyoto Agreement Copenhagen Accord 57 / 60A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong. Crisis ethical issue indictment fraud 58 / 60What is the term for the practice of investing in socially responsible businesses or projects with the expectation of financial returns? Social philanthropy Impact investing Corporate charity Sustainable trading 59 / 60Which of the following is (are) true of the EDP auditors? They should have computer expertise They will be replaced by traditional auditors in the near future. Currently, there is a very high demand from firms that use personal computers. None of the above 60 / 60The pillars of corporate governance are Accountability,fairness Fairness, transparency and responsibility Responsibility, transparency only (a) and (b) Exit
