{"id":7728,"date":"2021-10-07T12:31:20","date_gmt":"2021-10-07T07:01:20","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=7728"},"modified":"2025-10-08T16:45:02","modified_gmt":"2025-10-08T11:15:02","slug":"ethical-behaviour-and-implications-for-accountants-mcq","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/ethical-behaviour-and-implications-for-accountants-mcq\/","title":{"rendered":"Ethical Behaviour and Implications for Accountants MCQ | 60 Free MCQs"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Ethical Behaviour and Implications for Accountants MCQ<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/Ethical-Behaviour-and-Implications-for-Accountants-MCQ-1024x576.jpg\" alt=\"Ethical Behaviour and Implications for Accountants MCQ\" class=\"wp-image-7776 lazyload\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;width:720px;height:auto\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/Ethical-Behaviour-and-Implications-for-Accountants-MCQ-1024x576.jpg 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/Ethical-Behaviour-and-Implications-for-Accountants-MCQ-300x169.jpg 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/Ethical-Behaviour-and-Implications-for-Accountants-MCQ-768x432.jpg 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/Ethical-Behaviour-and-Implications-for-Accountants-MCQ-1536x864.jpg 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/Ethical-Behaviour-and-Implications-for-Accountants-MCQ-640x360.jpg 640w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/10\/Ethical-Behaviour-and-Implications-for-Accountants-MCQ.jpg 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\">Ethical Behaviour and Implications for Accountants MCQ<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/financial-accounting-mcqs\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/financial-accounting-mcqs\/\" target=\"_blank\" rel=\"noreferrer noopener\">MCQs on other topics of Financial Accounting <\/a><\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" data-type=\"URL\" data-id=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cost Accounting MCQs pdf <\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>1. The term, \u2018Ethics\u2019 comes from <strong>_<\/strong>_______ word.<\/strong><br>a) German <br>b) French <br>c) Greek <br>d) None of the above<\/p>\n\n\n\n<p><strong>2. Ethical behaviour distinguishes right from <strong>_<\/strong>____________ .<\/strong><br>a) Correct from incorrect <br>b) wrong <br>c) proper from improper <br>d) All of the above<\/p>\n\n\n\n<p><strong>3. Ethical behaviour should be practiced with <strong>____________ <\/strong>.<br><\/strong>a) Customers <br>b) Suppliers <br>c) Shareholders <br>d) Stakeholders<\/p>\n\n\n\n<p><strong>4. Ethical principles are <strong>__________ <\/strong>.<\/strong><br>a) Well designed <br>b) Clearly articulated <br>c) Ill defined <br>d) a &amp; b<\/p>\n\n\n\n<p><strong>5. Unethical behaviour can <strong>_<\/strong>__________ the company.<\/strong><br>a) Defame <br>b) Cost <br>c) Harm <br>d) All of the above<\/p>\n\n\n\n<p><strong>6. Disclosure is the component of _________ ethical behaviour.<br><\/strong>a) Customer loyalty <br>b) Workplace <br>c) Positive environment <br>d) Retain good employees<\/p>\n\n\n\n<p><strong>7. Ethical behaviour encourages <strong>_<\/strong>________ actions.<\/strong><br>a) Good <br>b) Bad <br>c) Illegal <br>d) Right<\/p>\n\n\n\n<p><strong>8. Ethical behaviour ensures <strong><em>_<\/em><\/strong>___________ .<\/strong><br>a) Retain good employees <br>b) Positive environment <br>c) Customer loyalty <br>d) All of the above<\/p>\n\n\n\n<p><strong>9. In India CSR is made mandatory from <strong><em>_____________ <\/em><\/strong>.<\/strong><br>a) April, 2018 <br>b) April, 2013 <br>c) April, 2014 <br>d) None of the above<\/p>\n\n\n\n<p><strong>10. A company has to spend <strong>_<\/strong>_______ % of Net Profit on CSR.<\/strong><br>a) 8 <br>b) 4 <br>c) 6 <br>d) 2<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <span class=\"has-inline-color has-vivid-red-color\">1)Greek  2)wrong  3)Stakeholders  4)Well designed  5)Defame  6)Workplace  7)Right  8)Customer loyalty  9)April, 2014  10)2<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>11. Sec. _________<strong>_<\/strong> of the Companies Act 2013 governs CSR.<\/strong><br>a) 123 <br>b) 135 <br>c) 198 <br>d) 125<\/p>\n\n\n\n<p><strong>12. Donating time for community is <strong>_<\/strong>_________ responsibility.<\/strong><br>a) Legal <br>b) Ethical <br>c) Philanthropic <br>d) Economic<\/p>\n\n\n\n<p><strong>13. <strong>_<\/strong>________ is the principle of ethical behaviour.<\/strong><br>a) Integrity <br>b) Objectivity <br>c) Confidentiality <br>d) All of the above<\/p>\n\n\n\n<p><strong>14. Emphasis on short term results is the reason for <strong>____________<\/strong> behaviour.<br><\/strong>a) Unethical <br>b) Ethical <br>c) Legal <br>d) None of the above<\/p>\n\n\n\n<p><strong>15. Misappropriation of assets may take place at <strong><em>__________ <\/em><\/strong>.<br><\/strong>a) Entry level<br>b) Any level <br>c) None of the above<\/p>\n\n\n\n<p><strong>16. Rules\u2013based accounting standards facilitate <strong><em>___________<\/em><\/strong>.<br><\/strong>a) Adds excessive complexity <br>b) Do not reflect true and fair view <br>c) Financial Engineering <br>d) All of the above<\/p>\n\n\n\n<p><strong>17. <strong>Rules\u2013based approach provides _________ for judgement.<\/strong><\/strong><br>a) Room for judgement <br>b) No room <br>c) Greater scope for interpretation <br>d) All of the above<\/p>\n\n\n\n<p><strong>18. ASB is constituted by <strong>_<\/strong>_________ .<\/strong><br>a) ICAI <br>b) Central Government <br>c) State Government <br>d) None of the above<\/p>\n\n\n\n<p><strong>19. ASB is constituted in <strong>_<\/strong>___________ .<br><\/strong>a) 1977 <br>b) 2015 <br>c) 2014 <br>d) 2002<\/p>\n\n\n\n<p><strong>20. Revised code ensures compliance of <strong>_<\/strong>___________ .<\/strong><br>a) Integrity <br>b) confidentiality <br>c) Objectives <br>d) All of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <span class=\"has-inline-color has-vivid-red-color\">11)135  12)Philanthropic  13)Integrity  14)Unethical  15)Any level  16) Financial Engineering  17)No room  18)ICAI  19)1977  20)confidentiality<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>21. Satyam was audited by <strong>____________ <\/strong>.<\/strong><br>a) Batliboy &amp; Co. <br>b) Furguson &amp; Co. <br>c) Padwal &amp; Co. <br>d) Price waterhouse<\/p>\n\n\n\n<p><strong>22. Law suit is the effect of <strong>_<\/strong>________ behaviour.<\/strong><br>a) Legal <br>b) Ethical <br>c) Unethical <br>d) None of the above<\/p>\n\n\n\n<p><strong>23. Unethical behaviour results in Loss of <strong>_<\/strong>_________ capital.<\/strong><br>a) Loss of trust <br>b) Law suits <br>c) Human <br>d) All of the above<\/p>\n\n\n\n<p><strong>24. Ethics education can check <strong>_<\/strong>__________ reporting.<br><\/strong>a) Unethical <br>b) Ethical <br>c) Legal <br>d) None of the above<\/p>\n\n\n\n<p><strong>25. Code of Ethics sets out company _________<strong>_<\/strong>.<\/strong><br>a) Values <br>b) Ethic <br>c) Objectives <br>d) All of the above<\/p>\n\n\n\n<p><strong>26. Whistle blowers are <strong>_<\/strong>________ of public.<br><\/strong>a) Ears <br>b) Hands <br>c) both a &amp; b <br>d) Eyes<\/p>\n\n\n\n<p><strong>27. A person who shares his knowledge on wrong doing is a <strong>_<\/strong>_________.<\/strong><br>a) Director <br>b) Whistle blower <br>c) Executive <br>d) All of the above<\/p>\n\n\n\n<p><strong>28. The components of workplace ethical behaviour are<\/strong><br>a) Honesty <br>b) Legality <br>c) Disclosure <br>d) All of the above<\/p>\n\n\n\n<p><strong>29. Ethical behaviour ensures<\/strong><br>a) Customer loyalty <br>b) Retain good employees <br>c) Positive environment <br>d) All of the above<\/p>\n\n\n\n<p><strong>30. Ethical behaviour encourages<\/strong><br>a) Good actions <br>b) Bad actions <br>c) Illegal actions <br>d) None of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><span class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>21)Price Waterhouse  22)Unethical  23)Human  24)Unethical  25)Values  26)Eyes  27)Whistleblower  28)All of the above  29)All of the above  30)Good actions<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>31. If the company fails to comply with CSR obligations the penalty is not less than<br><\/strong>a) Rs 20,000 <br>b) Rs 30,000<br>c) Rs 50,000<br>d) Rs 75,000<\/p>\n\n\n\n<p><strong>32. Donating time towards a community is a<br><\/strong>a) Ethical responsibility <br>b) Legal responsibility <br>c) Economic responsibility <br>d) Philanthropic responsibility<\/p>\n\n\n\n<p><strong>33. Accounting and finance need<\/strong><br>a) Legal rules only<br>b) Ethical rules only<br>c) Social rules only <br>d) All of the above<\/p>\n\n\n\n<p><strong>34. <strong>Reasons for unethical behaviour include<\/strong><\/strong><br>a) Emphasis on short term results <br>b) Ignoring unethical issues <br>c) Economic cycles <br>d) All of the above<\/p>\n\n\n\n<p><strong>35. Principles of Ethical behaviour include<\/strong><br>a) Integrity <br>b) Objectivity <br>c) Confidentiality <br>d) All of the above<\/p>\n\n\n\n<p><strong>36. Misappropriation of assets may take place<\/strong><br>a) At Jr. level <br>b) At Sr. level <br>c) At middle level <br>d) At any level<\/p>\n\n\n\n<p><strong>37. Charging cost of family dinner to the company is<\/strong><br>a) Misappropriation of assets <br>b) Fraudulent reporting <br>c) Ethical reporting <br>d) All of the above<\/p>\n\n\n\n<p><strong>38. Principles of Accounting and Finance ethics include<br><\/strong>a) Integrity <br>b) Professional competence <br>c) Professional behaviour <br>d) All of the above<\/p>\n\n\n\n<p><strong>39. Rule-based accounting standards<br><\/strong>a) Adds excessive complexity <br>b) Facilitates financial engineering <br>c) Do not reflect true and fair view <br>d) All of the above<\/p>\n\n\n\n<p><strong>40. An appropriate principles-based approach must be<\/strong><br>a) Broad in its scope <br>b) Narrow in its scope <br>c) Definite in its scope <br>d) None of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><span class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>31)Rs 50,000  32)Philanthropic responsibility  33)All of the above  34)All of the above  35)All of the above  36)At any level  37)Misappropriation of assets  38)All of the above  39)All of the above  40)Broad in its scope<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>41. Rules\u2013based approach provides<br><\/strong>a) Room for judgement <br>b) No room for judement <br>c) Greater scope for interpretation <br>d) All of the above<\/p>\n\n\n\n<p><strong>42. Rules\u2013based approach provides<br><\/strong>a) Detailed rules <br>b) Consistency <br>c) Authoritative support <br>d) All of the above<\/p>\n\n\n\n<p><strong>43. In principles based approach the accountant has<\/strong><br>a) No discretion <br>b) Discretion <br>c) Wider scope <br>d) All of the above<\/p>\n\n\n\n<p><strong>44. ASB is constituted by<\/strong><br>a) ICAI <br>b) Central Government <br>c) State Government <br>d) None of the above<\/p>\n\n\n\n<p><strong>45. ASB is constituted in<\/strong><br>a) 1977 <br>b) 2014 <br>c) 2015 <br>d) 2002<\/p>\n\n\n\n<p><strong>46. The draft of Accounting Standard is circulated to<br><\/strong>a) SEBI <br>b) CBDT <br>c) Members of ICAI <br>d) All of the above<\/p>\n\n\n\n<p><strong>47. Revised code ensures compliance of<br><\/strong>a) Integrity <br>b) Objectivity <br>c) Confidentiality <br>d) All of the above<\/p>\n\n\n\n<p><strong>48. The code of Ethics applies to<br><\/strong>a) Professional Appointments <br>b) Conflicts of Interest <br>c)  Gifts &amp; hospitality <br>d) All of the above<\/p>\n\n\n\n<p><strong>49. The ethical issues faced by the Accountants include<br><\/strong>a) Accuracy <br>b) Accountability <br>c) Ethics, values and moral <br>d) All of the above<\/p>\n\n\n\n<p><strong>50. Code of Ethics sets out<br><\/strong>a) Company values <br>b) Ethics <br>c) Objectives<br>d) All of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><span class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>41)No room for judement  42)All of the above  43)Discretion  44)ICAI  45)1977  46)All of the above  47)All of the above  48)All of the above  49)All of the above  50)All of the above<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Learn the chapters on TYBCOM from our <a href=\"https:\/\/studio.youtube.com\/channel\/UCExY0hxogv75WdPK1MFS3fw\" data-type=\"link\" data-id=\"https:\/\/studio.youtube.com\/channel\/UCExY0hxogv75WdPK1MFS3fw\" target=\"_blank\" rel=\"noopener\">YouTube channel<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":7776,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,7],"tags":[3076],"class_list":["post-7728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bcom","category-degree-college","tag-ethical-behaviour-and-implications-for-accountants-mcq"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/7728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=7728"}],"version-history":[{"count":5,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/7728\/revisions"}],"predecessor-version":[{"id":39558,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/7728\/revisions\/39558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/7776"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=7728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=7728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=7728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}