Ethical Behaviour and Implications for Accountants MCQ | 60 Free MCQs

11. Sec. __________ of the Companies Act 2013 governs CSR.
a) 123
b) 135
c) 198
d) 125

12. Donating time for community is __________ responsibility.
a) Legal
b) Ethical
c) Philanthropic
d) Economic

13. _________ is the principle of ethical behaviour.
a) Integrity
b) Objectivity
c) Confidentiality
d) All of the above

14. Emphasis on short term results is the reason for ____________ behaviour.
a) Unethical
b) Ethical
c) Legal
d) None of the above

15. Misappropriation of assets may take place at __________ .
a) Entry level
b) Any level
c) None of the above

16. Rules–based accounting standards facilitate ___________.
a) Adds excessive complexity
b) Do not reflect true and fair view
c) Financial Engineering
d) All of the above

17. Rules–based approach provides _________ for judgement.
a) Room for judgement
b) No room
c) Greater scope for interpretation
d) All of the above

18. ASB is constituted by __________ .
a) ICAI
b) Central Government
c) State Government
d) None of the above

19. ASB is constituted in ____________ .
a) 1977
b) 2015
c) 2014
d) 2002

20. Revised code ensures compliance of ____________ .
a) Integrity
b) confidentiality
c) Objectives
d) All of the above

Answers: 11)135 12)Philanthropic 13)Integrity 14)Unethical 15)Any level 16) Financial Engineering 17)No room 18)ICAI 19)1977 20)confidentiality