1. For which country the Kolkata based Publicsector enterprise, Garden Reach Ship Builders and Engineers Limited?

Answer: Mauritius

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MCQ-> Read the following passage carefully and answer the given questions. Certain words are given in bold to help you to locate them while answering some of the questions. King Harish loved his people and look after the affairs of the kingdom well. One day he and his minister Chandan took a stroll through the market. People were buying and selling and there were no beggars to be seen anywhere. The King was delighted to see the prosperity of his kingdom. He turned to Chandan and said, ‘I want to check firsthand how content my people are. Summon people from all walks of life to court.” The next day, ‘the king arrived at court and said, As your king I want to know if all of you are happy. Do you have enough for your needs?” The citizens looked at each other, thought and one by one came forward to say that their kitchens have enough food, their trade was going well, their wells were overflowing and the king had kept them safe. The king was pleased at this but Chandan had a frown and he whispered something to the king. The king was astonished but seeing Chandan was serious he turned to the court and made an announcement, “I am delighted you are all happy. Tomorrow I want all the happy people to gather at the gate of the royal garden. You have to enter the garden from the main gate, walk across and meet me by the gate at the rear of the garden. Each of you will be given a sack and you can pick whatever your heart desires.” The crowd was excited as no one was usually allowed access to the king’s garden which was said to be filled with all kinds of beautiful and strange plants.The next day, everyone gathered at the gate of the palace garden well before time. At the appointed time the guards opened the gates and handed out sacks. Citizens began roaming around the garden and filled their sacks with the juicy apples, pomegranates, grapes and mangoes hanging from trees. But as they walked further into the garden they saw trees laden with gold and silver fruits. They began madly filling their sacks with these precious fruits. Everyone forgot that they had enough for their needs at home and the fruits they had picked earlier were thrown on the ground forgotten and left to rot. Then with their sacks filled to the top the citizens made their way to the rear gate but they found a rushing stream blocking their path. The current was strong and as there were no boats, the only way to cross was to swim across. But how could they swim with laden sacks. All stood by the stream except one young man who simply abandoned his sack and swam across. Angry and unhappy the others refused to cross. The king was sad and said, “Yesterday all of you said you were happy but today you are distressed. ”Turning to the young man who was smiling he asked, ‘Tell me why are you not sad?” “Sire, I picked some tasty fruits for my precious daughter but when I saw no other way across, I did not think twice about leaving these behind. I am happy you let us wander around in your garden.”Choose the word which is most nearly the opposite in meaning to the word SERIOUS given in bold as used in the passage.
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MCQ-> Answer questions on the basis of information given in the following case. MBA entrance examination comprises two types of problems: formula - based problems and application - based problem. From the analysis of past data, Interesting School of Management (ISM) observes that students good at solving application - based problems are entrepreneurial in nature. Coaching institutes for MBA entrance exams train them to spot formula - based problems and answer them correctly, so as to obtain the required overall cut - off percentile. Thus students, in general, shy away from application - based problem and even those with entrepreneurial mind - set target formula - based problems. Half of a mark is deducted for every wrong answer.ISM wants more students with entrepreneurial mind - set in the next batch. To achieve this, ISM is considering following proposals: I. Preparing a question paper of two parts, Parts A and Part B of duration of one hour each. Part A and Part B would consist of formula - based problems and application - based problems, respectively. After taking away Part A, Part B would be distributed. The qualifying cut - off percentile would be calculated on the combined scores of two parts. II. Preparing a question paper comprising Part A and Part B. While Part A would comprise formula - based problems, Part B would comprise application - based problems, each having a separate qualifying cut - off percentile. III. Assigning one mark for formula - based problems and two marks for application based problems as an incentive for attempting application - based problems. IV. Allotting one mark for formula - based problems and three marks for application - based problem, without mentioning this is the question paper. Which of the following proposal (or combination of proposals) is likely to identify students with best entrepreneurial mind - set?...
MCQ-> Read carefully the four passages that follow and answer the questions given at the end of each passage:PASSAGE I The most important task is revitalizing the institution of independent directors. The independent directors of a company should be faithful fiduciaries protecting, the long-term interests of shareholders while ensuring fairness to employees, investor, customer, regulators, the government of the land and society. Unfortunately, very often, directors are chosen based of friendship and, sadly, pliability. Today, unfortunately, in the majority of cases, independence is only true on paper.The need of the hour is to strengthen the independence of the board. We have to put in place stringent standards for the independence of directors. The board should adopt global standards for director-independence, and should disclose how each independent director meets these standards. It is desirable to have a comprehensive report showing the names of the company employees of fellow board members who are related to each director on the board. This report should accompany the annual report of all listed companies. Another important step is to regularly assess the board members for performance. The assessment should focus on issues like competence, preparation, participation and contribution. Ideally, this evaluation should be performed by a third party. Underperforming directors should be allowed to leave at the end of their term in a gentle manner so that they do not lose face. Rather than being the rubber stamp of a company’s management policies, the board should become a true active partner of the management. For this, independent directors should be trained in their in their in roles and responsibilities. Independent directors should be trained on the business model and risk model of the company, on the governance practices, and the responsibilities of various committees of the board of the company. The board members should interact frequently with executives to understand operational issues. As part of the board meeting agenda, the independent directors should have a meeting among themselves without the management being present. The independent board members should periodically review the performance of the company’s CEO, the internal directors and the senior management. This has to be based on clearly defined objective criteria, and these criteria should be known to the CEO and other executive directors well before the start of the evolution period. Moreover, there should be a clearly laid down procedure for communicating the board’s review to the CEO and his/her team of executive directors. Managerial remuneration should be based on such reviews. Additionally, senior management compensation should be determined by the board in a manner that is fair to all stakeholders. We have to look at three important criteria in deciding managerial remuneration-fairness accountability and transparency. Fairness of compensation is determined by how employees and investors react to the compensation of the CEO. Accountability is enhanced by splitting the total compensation into a small fixed component and a large variable component. In other words, the CEO, other executive directors and the senior management should rise or fall with the fortunes of the company. The variable component should be linked to achieving the long-term objectives of the firm. Senior management compensation should be reviewed by the compensation committee of the board consisting of only the independent directors. This should be approved by the shareholders. It is important that no member of the internal management has a say in the compensation of the CEO, the internal board members or the senior management. The SEBI regulations and the CII code of conduct have been very helpful in enhancing the level of accountability of independent directors. The independent directors should decide voluntarily how they want to contribute to the company. Their performance should decide voluntarily how they want to contribute to the company. Their performance should be appraised through a peer evaluation process. Ideally, the compensation committee should decide on the compensation of each independent director based on such a performance appraisal. Auditing is another major area that needs reforms for effective corporate governance. An audit is the Independent examination of financial transactions of any entity to provide assurance to shareholder and other stakeholders that the financial statements are free of material misstatement. Auditors are qualified professionals appointed by the shareholders to report on the reliability of financial statements prepared by the management. Financial markets look to the auditor’s report for an independent opinion on the financial and risk situation of a company. We have to separate such auditing form other services. For a truly independent opinion, the auditing firm should not provide services that are perceived to be materially in conflict with the role of the auditor. These include investigations, consulting advice, sub contraction of operational activities normally undertaken by the management, due diligence on potential acquisitions or investments, advice on deal structuring, designing/implementing IT systems, bookkeeping, valuations and executive recruitment. Any departure from this practice should be approved by the audit committee in advance. Further, information on any such exceptions must be disclosed in the company’s quarterly and annual reports. To ensure the integrity of the audit team, it is desirable to rotate auditor partners. The lead audit partner and the audit partner responsible for reviewing a company’s audit must be rotated at least once every three to five years. This eliminates the possibility of the lead auditor and the company management getting into the kind of close, cozy relationship that results in lower objectivity in audit opinions. Further, a registered auditor should not audit a chief accounting office was associated with the auditing firm. It is best that members of the audit teams are prohibited from taking up employment in the audited corporations for at least a year after they have stopped being members of the audit team.A competent audit committee is essential to effectively oversee the financial accounting and reporting process. Hence, each member of the audit committee must be ‘financially literate’, further, at least one member of the audit committee, preferably the chairman, should be a financial expert-a person who has an understanding of financial statements and accounting rules, and has experience in auditing. The audit committee should establish procedures for the treatment of complaints received through anonymous submission by employees and whistleblowers. These complaints may be regarding questionable accounting or auditing issues, any harassment to an employee or any unethical practice in the company. The whistleblowers must be protected. Any related-party transaction should require prior approval by the audit committee, the full board and the shareholders if it is material. Related parties are those that are able to control or exercise significant influence. These include; parent- subsidiary relationships; entities under common control; individuals who, through ownership, have significant influence over the enterprise and close members of their families; and dey management personnel.Accounting standards provide a framework for preparation and presentation of financial statements and assist auditors in forming an opinion on the financial statements. However, today, accounting standards are issued by bodies comprising primarily of accountants. Therefore, accounting standards do not always keep pace with changes in the business environment. Hence, the accounting standards-setting body should include members drawn from the industry, the profession and regulatory bodies. This body should be independently funded. Currently, an independent oversight of the accounting profession does not exist. Hence, an independent body should be constituted to oversee the functioning of auditors for Independence, the quality of audit and professional competence. This body should comprise a "majority of non- practicing accountants to ensure independent oversight. To avoid any bias, the chairman of this body should not have practiced as an accountant during the preceding five years. Auditors of all public companies must register with this body. It should enforce compliance with the laws by auditors and should mandate that auditors must maintain audit working papers for at least seven years.To ensure the materiality of information, the CEO and CFO of the company should certify annual and quarterly reports. They should certify that the information in the reports fairly presents the financial condition and results of operations of the company, and that all material facts have been disclosed. Further, CEOs and CFOs should certify that they have established internal controls to ensure that all information relating to the operations of the company is freely available to the auditors and the audit committee. They should also certify that they have evaluated the effectiveness of these controls within ninety days prior to the report. False certifications by the CEO and CFO should be subject to significant criminal penalties (fines and imprisonment, if willful and knowing). If a company is required to restate its reports due to material non-compliance with the laws, the CEO and CFO must face severe punishment including loss of job and forfeiting bonuses or equity-based compensation received during the twelve months following the filing.The problem with the independent directors has been that: I. Their selection has been based upon their compatibility with the company management II. There has been lack of proper training and development to improve their skill set III. Their independent views have often come in conflict with the views of company management. This has hindered the company’s decision-making process IV. Stringent standards for independent directors have been lacking...
MCQ-> Study the given information carefully and answer the given questions : Auditions for a show were held in seven different cities of India – Chennai, Bangalore, Cochin, Mumbai, Delhi, Bhopal and Kolkata, not necessarily in the same order, during the first seven months of the year 2011 (starting in January and ending in July). The auditions were held only in one city during a month. Auditions in only four cities were held between the Kolkata audition and the Cochin audition. The Kolkata audition was not held in June. Only one audition was held between the Kolkata audition and the Bangalore audition. The Chennai audition was held immediately after the Kolkata audition. The Delhi audition was held immediately before the Bhopal audition. The Bhopal audition was not held in May.How many auditions were held between the Mumbai audition and the Chennai audition ?
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MCQ->Mr. X runs a marathon starting from the point A he runs 5 km towards north and reach point B, then turns right runs 6 km reach point C, then turn light runs 8 km and reach point D, then turns right runs 10 km and reach point E, then turns right runs 6 km and reach point F, then turns right runs 1 km and reach point G, then turn rights runs 3 km and reach point H. The shortest distance between point D and G is?...
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