TRB COMMERCE QUESTION ANSWERS -TRB Study Materials Day 10

TRB COMMERCE QUESTION ANSWERS 141-150

141. “An auditor is a watchdog and not a bloodhound.” - This was observed in the case of
A) London Oil Storage Company
B) Kingston Cotton Mills Ltd.
C) London vs General Bank
D) Delightful Cigarette Company Limited.

142. The Chartered Accountants Act was enacted in the year
A) 1951 B) 1955
C) 1959 D) 1949.

143. A written plan containing the details regarding the conduct of a particular audit is called
A) Audit programme B) Audit memorandum
C) Audit note book D) none of these.

144. What is the correct sequence of the following aspects in auditing ?
I. Special audit II. Internal audit
III. Internal check IV. Annual audit
Select the correct answer using the codes given below :
A) I, III, II, IV B) III, IV, I, II
C) III, II, IV, I D) I, II, III, IV.

145. ‘Weakness Letter’ is concerned with evaluation of
A) Internal audit B) External audit
C) Internal control D) Internal check.

146. To prevent recurrence of scam in Indian capital market the Govt. of India has assigned regulatory powers to
A) SEBI B) RBI
C) SBI D) ICICI.

147. A company may change its name by passing
A) an ordinary resolution
B) a special resolution
C) unanimous resolution of the board
D) a special and an ordinary resolution.

148. The capital of company can be reduced under the orders of
A) the court
B) the Registrar of Companies
C) the Company Law Board
D) none of these.

149. Qualification shares for a director are provided in the
A) Companies Act
B) Memorandum of Association
C) Ariticles of Association
D) Contract between Company and Directors.

150. If a public company limited by shares does not have its own Articles, it may adopt
A) Table A of Schedule I
B) Table B of Schedule I
C) Table C of Schedule I
D) Table D of Schedule I.

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