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CAIIB SUCCESS
Class-12 Date: 15 Nov. 2023
Class Time: 7 PM
(BRBL Module-D Part-3)

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1. Which of the following is not required to be included in a prospectus?
(a) A description of the securities being offered
(b) Information about the company's management
(c) A statement of the company's future earnings projections
(d) A description of the risks associated with the investment

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2. What is the minimum number of directors required for a public
company in India?
(a) One
(b) Two
(c) Three
(d) Four

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3. Small company means a company, other than a public company where
(i) paid-up share capital of which does not exceed fifty lakh rupees or
such higher amount as may be prescribed which shall not be more
than five crore rupees
(ii) turnover of which as per its last profit and loss account does not
exceed two crore rupees or such higher amount as may be prescribed
which shall not be more than twenty crore rupees
(iii) Any one of the above
(iv) None of the above

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4. No person, shall hold office as a director, including any alternate
directorship, in more than ______ companies at the same time.
a) 5
b) 10
c) 20
d) 25

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5 . Which of the following details are required to be mentioned in the consent
form to be filed with the Registrar of Companies in India?
(a) Name of the director
(b) Director Identification Number (DIN)
(c) Address of the director
(d) All of the above

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6. In a government company the government holds at least __________
per cent of the paid-up capital.
a) 12
b) 15
c) 50
d) 51

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7. Statement I: The Board of Directors of a company cannot borrow money
beyond a certain limit without obtaining the approval of shareholders.
Statement II: The Board of Directors of a company can appoint a CEO
without the approval of shareholders.
Statement III: The Board of Directors of a company can alter the articles of
association without the approval of shareholders.
(a) Statement I and II are correct, statement III is incorrect.
(b) Statement I and III are correct, statement II is incorrect.
(c) Statement II and III are correct, statement I is incorrect.
(d) All the statements are incorrect.

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8. Which of the following statements is true regarding partners in a Limited
Liability Partnership (LLP)?
(a) All partners in an LLP have limited liability
(b) The number of partners in an LLP cannot exceed 50
(c) A partner in an LLP can transfer his/her ownership interest without the
consent of the other partners
(d) A partner in an LLP can be held personally liable for the wrongful acts or
omissions of another partner.

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9. No prospectus shall be valid if it is issued more than _________ days
after the date on which a copy thereof is delivered to the Registrar.
a) 30
b) 45
c) 90
d) 120

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10. Under the Right to Information Act, 2005, what is the maximum time
limit for providing the information sought by the applicant?
(a) 15 days
(b) 30 days
(c) 45 days
(d) 60 days

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11. ____________is a system identified by the Indian Government to protect
the country's critical information infrastructure and maintain national
security from cyber-attacks.
a) CIISS
b) CIIPS
c) SIIPS
d) PPIPS

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12. The IT Act was introduced on account of the initiatives of ________.
(a) IT industry of India
(b) Indian Parliament
(c) Reserve Bank of India
(d) None of the above

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