Which of the following pillars form the basic framework of the Constitution in Pakistan?

• A) Legislature
• B) Executive
• C) Judiciary
• D) All of the given options

According to the Oscar Wilde, the thief is an artist and the policeman is only a _________.

• A) Facilitator
• B) Spectator
• C) Watchman
• D) Critic

__________ system is philosophical in nature and inculcate the culture and value system in the organization.

• A) Voluntary regulation system
• B) Mandatory regulation system
• C) Principle-based regulation system
• D) Rule-based regulation system

In finance, class action lawsuits are often brought against companies where the class is the _______________________.

• A) Company’s debtors
• B) Company’s creditors
• C) Company's shareholders
• D) Company’s managers

From which one of the following statements a bank’s corporate governance derives power?

• A) The call back from markets, goods found to be harmful
• B) Its letter and spirit warranties and guarantees given on their products
• C) Its legal rights in case the firms default or violate covenants
• D) Its commitment to supply goods and services of the highest quality standards

Under which one of the following laws is a new Public Company Accounting Oversight Board consisting of five members created?

• A) Sarbanes Oxley Act 2002
• B) Rowlatt Acts 1919
• C) Enabling Act 1933
• D) Voting Rights Act 1965

Which one of the following statements explains the right of the customer to safety?

• A) To be assured, wherever possible, access to a variety of goods at competitive prices
• B) To be protected against the marketing of goods and services which are hazardous to life
• C) To be informed about the quality, quantity, potency, purity, standard and price of goods
• D) To be heard and assured that consumer’s interests will receive due consideration at appropriate forums

Which one of the following persons is entitled to inspect and obtain copies of minutes of proceedings of general meetings?

• A) Employees
• B) Creditors
• C) Shareholders
• D) Managers

The disclosure and transparency principle of OECD on corporate governance include all of the following provisions, EXCEPT:

• A) Disclosure and communication of key facts about the company
• B) Protection of stakeholder’s interest
• C) Independent auditors should perform annual audits
• D) Board of directors and their remuneration

Which one of the following forms of business has been able to combine economic value creation, financial capital, new technologies, and human resources?

• A) Sole Proprietorship
• B) None of the given options
• C) Partnership
• D) Corporation

All of the following institutions fall in the category of insurance companies of Pakistan, EXCEPT:

• A) Adamjee Life Insurance
• B) Alfalah Insurance
• C) Pak Oman Investment Company Limited
• D) State Life Insurance Corporation of Pakistan

All of the following are the benefits achieved from the adoption of the suggestions provided in the World Bank report on corporate governance by states, EXCEPT:

• A) Strengthen their economies
• B) Discourage fraud
• C) Dishonesty among states
• D) Mismanagement

Which one of the following terms BEST describe a way in which the shareholders can influence a corporation’s behaviour by exercising their rights as owners?

• A) Shareholder equity
• B) Shareholder report
• C) Shareholder structure
• D) Shareholder activism

The Sarbanes Oxley Act 2002 would certainly enhance accountability levels for all of the following persons involved in the financial markets, EXCEPT:

• A) The directors
• B) The security analysts
• C) The General Manager
• D) The officers and auditors

Why did McKinsey survey the 6 emerging markets?

• A) To determine the relationship between share price and the trading volume of the company
• B) To determine the relationship between demand function and revenue function of the company
• C) To determine the correlation between price consumption and expenditure of the company
• D) To determine the correlation between good corporate governance and the market valuation of the company

Which one of the following is the factor affecting investment decision?

• A) Avoiding unreasonable risk for employees
• B) Composition and quality of the board
• C) Regularity
• D) Compatibility with worker mobility

All of the following are the example of internal stakeholders, EXCEPT:

• A) Owners
• B) Suppliers
• C) Employees
• D) Managers

The Cadbury Report in the UK in__________ proved a watershed in the international movement to improve corporate governance.

• A) 1993
• B) 1994
• C) 1991
• D) 1992

Which of the following information should be communicated to internal stakeholders in any good governance organization?

• A) All of the given options
• B) Policies and procedures
• C) Hierarchy of responsibility
• D) Financial statements

In which of the following corporate governance control system, hostile takeovers are rare?

• A) Corporate-based outsider system
• B) Market-based outsider system
• C) Corporate-based insider system
• D) Market-based insider system