5

F
2

A2
A8
71
6E

0
Paper / Subject Code: 44307 / Business Ethics and CorporateGovernance

39
5F
2C

F1
42

A2
A8
71
89

6E

0
39
5F
2C
46

F1
42

A2
A8
8A

71
89

6E

5F
2C
6

F1
71

42
4
Time: 2 ½ Hrs. Marks: 75

A8
8A

71
B8

E
68

F1
71

42
C8

2
8A

71
B8

6E
Note: 1) All Questions are Compulsory.

04

A
8

C
46

F1
71

42
C8
39
2) Figures to the right indicate marks.

2
8A

71
B8

89

6E
A2

04
__________________________________________________________________________

C
46
71

42
C8
9
5F

2
23

8A
B8

6E
Q 1) a) Multiple Choice Questions: (Any Eight) (08)

04
A8

68
A

71

42
C8
39
F
F1

4
1. ____________ is the philosophical study of moral values and rules.

8A
8

89

6E
A2

04
8
71

B
A
(a) Morality (b) Ethics (c) Law (d) all of the above

6
71

42
C8
39
5F
2C

F1

4
8A
8

89
A2

04
A8
71
6E

8B

46
71
39
5F
2. The word 'governance’ comes from the _________root ‘gubernare’ to steer.

F1
42

4C

8A
2

B8
A2
8
1
89

6E

0
A
(a) Latin (b) Italian (c) Indian (d) American

71
C8
39
5F
C
46

1
2

1F

8A
4

B8
A2

04
8
8A

89

6E

1A
C7

71
8
39
5F
6

3. Which of the following is Personal ethics:

71

42

4C
4

1F
E2

B8
A2
8
8A
B8

90
1A
(a) Honesty and Integrity. (b) confidentiality and objectivity

C7
68

C8
5F
71

42
C8

3
4

1F
E2
(c) Transparency and accountability (d) all of the above

A2

04
A8
8A
B8

9
04

C7
8

26

39
5F
6

F1
1
C8
39

4
7

94

E2
.in

A2
A8
8A

1
B8
A2

04

4.The framework for establishing good corporate governance and accountability was originally

C7
68

26

5F
F1
71
8
39
5F

A4

94

E2
C

set up by the__________

A8
71
B8
A2

4
A8

68
8

26
0

(a) Nestle Committee (b) Thornton Committee (c) Rowntree Committee (d) Cadbury Committee

2C

F1
71
C8
9
5F
F1

A4

94
3

es

71
8

6E
A2

04
A8
71

68
18

2C
42
C8
9
5F
2C

F1

A4
5. Primary responsibility for preventing fraud in an organisation is on_________.
87
3

6E
2

04
A8
71
6E

8B

68
FA

18

(a) Audit committee (b) Board committee (c) Remuneration committee (d) All of the above

42
39
2C

F1

A4
42

87
ot 4C
5

89
A2
8
71
89

6E

8B

18
0
A

46
39
5F
2C
6

6. __________constituted a meeting on January 2000, based on recommendations of Kumar

42

87
4C
A4

1F

8A
A2
A8
89

6E

8B
90

Mangalam Birla Committee on Corporate Governance.

C7

un
8

71
5F
6

1
71

42

4C
3
A4

1F
E2

B8

(a) CII (b) RBI (c) OECD (d) SEBI

A2
8
8

89

90
1A
C7
8B

26

C8
5F
6
71

3
A4

1F
94

E2
C

A2

04
A8
8
04

7. The first Global Compact Leaders' Summit was on_____________

C7
8B

68
8

26

39
m

5F
F1
71

A4

94

E2
C

(a) June 24, 2004 (b) June 27, 2007 (c) June 20, 2000 (d) June 24, 2004
A2
A8
1
8
04

C7
8B

68
8

26

5F
F1
71
9

A4

94

E2
C
23

A8
71
8
04

8. Clause 49 has laid down more stringent qualification criteria for those who are independent
8B

68
FA

26

2C

F1
71
39

A4

directors________
94
C
5

71
8

E
A2

04
A8

8B

68
18

26

(a) Clause 410 (b) Clause 49 (c) Clause 48 (d) None of the above .
2C
39
5F

A4
7

4
C

6E
A2

04
A8

8B

68
18

42
39
5F
1

A4

9. The word Ethics is derived from the Greek word_______which means custom, usage or
87
C
1F

89
A2

04
A8

8B

18

habit.
C7

46
39
5F
1

87
4C
1F

8A
E2

(a) Ethos (b) Ehopia (c) Ethico (d) Ethonia

A2
A8

8B
0
C7

71
39
5F
1

4C
1F
E2

B8
A2
A8

90

10. The __________must monitor a company's financial reporting process and financial
C7
6

C8
5F
1
42

3
1F
E2

information.
A2

04
A8
89

C7
6

39
5F

(a) audit committee (b) BOD (c) CEO (d) None of the above
46

1
42

1F
E2

A2
A8
8A

89

C7
6

5F
46

1
42

1F
E2

A8
A

89

C7
18

6
46

F1
42
87

E2
A

71
89
8B

18

42582 Page 1 of 2
2C
46

42
87
4C

89

6E
8B

18

46

42
87
4C

4C8B8718A4689426E2C71F1A85FA2390
8B

68
18
 5
F
2

A2
A8
71
6E

0
Paper / Subject Code: 44307 / Business Ethics and CorporateGovernance

39
5F
2C

F1
42

A2
A8
71
89

6E

0
39
5F
2C
46

F1
42

A2
A8
8A

71
89

6E

5F
2C
6

F1
71

42
4
Q 1 b) State True or False (Any Seven) (07)

A8
8A

71
B8

E
68

F1
71

42
C8
1. The Board of Directors must protect the rights of the Stakeholders.

2
8A

71
B8

6E
04

A
2. SEBI monitors corporate governance of listed companies through Clause 49.

C
46

F1
71

42
C8
39

2
3. Anglo American model also called as two tier board model.

8A

71
B8

89

6E
A2

04

C
46
71
4. IRDA Protection of Policyholders' Interests (PPHI) Regulations, 2012 governs policy

42
C8
9
5F

2
23

8A
B8

6E
04
A8
holders.

68
A

71

42
C8
39
F
F1

4
5. The Quran, the religious text of Islam.

8A
8

89

6E
A2

04
8
71

B
A

6
6. In the Indian financial system the SEBI regulates and monitors the corporate governance of

71

42
C8
39
5F
2C

F1

4
8A
8

89
A2

04
A8
listed companies in Indian through clause 49.

71
6E

8B

46
71
39
5F
C

F1
42

4C
7. Conflicts of interest among corporate governance participants are referred to as an agency

8A
2

B8
A2
8
1
89

6E

0
A
7
problem.

71
C8
39
5F
C
46

1
2

1F

8A
4

B8
A2

04
8
8. The Global Compact Office is supported by six UN agencies.
8A

89

6E

1A
C7

71
8
39
5F
6
71

42
9. Culture is the ultimate force on ethics.

4C
4

1F
E2

B8
A2
8
8A
B8

90
1A
C7
10. Ethics is guided by moral principles.
68

C8
5F
71

42
C8

3
4

1F
E2

A2

04
A8
8A
B8

9
04

C7
8

26

39
5F
Q 2) a) Distinguish Moral and Ethics (08)
6

F1
1
C8
39

4
7

94

E2
.in

A2
A8
8A

1
B8
A2

b) Mention ethical issues relating to copyrights (07)

04

C7
68

26

5F
F1
71
8
39
5F

A4

OR
94

E2
C

A8
71
B8
A2

4
A8

68
8

26
0

Q 2) c) Define Business Ethics. What are its features? (08)

2C

F1
71
C8
9
5F
F1

A4

94
3

es

71
8

6E
A2

d) What is ethics in Foreign Trade. (07)

04
A8
71

68
18

2C
42
C8
9
5F
2C

F1

A4
87
3

6E
2

04
A8
71
6E

8B

68
Q 3) a) What are the different types of ethics according to the functions of business? (08)
FA

18

42
39
2C

F1

A4
42

87
ot 4C
5

b) How ethical principles applied in a business goes to strengthen business reputation (07)

89
A2
8
71
89

6E

8B

18
0
A

OR
46
39
5F
2C
6

1
42

87
4C
A4

1F

8A
Q 3) c) Describe criticism of Trusteeship Principle in Modern Business (08)
A2
A8
89

6E

8B
90
C7

un
8

71
5F
6

d) What is Code of Ethics? Explain Major trends in Code of Ethics

1

(07)
71

42

4C
3
A4

1F
E2

B8
A2
8
8

89

90
1A
C7
8B

26

C8
5F
6
71

Q 4) a) What are the objectives of corporate governance and list some good corporate
A4

1F
94

E2
C

A2

04
A8
8
04

C7
8B

68
8

26

governance objectives (08)

39
m

5F
F1
71

A4

94

E2
C

A2
A8
1
8

b) Elaborate Stakeholders theory in detail (07)

04

C7
8B

68
8

26

5F
F1
71
9

OR
A4

94

E2
C
23

A8
71
8
04

8B

68
FA

26

Q 4) c) Discuss the teaching from the Bhagwat Gita (08)

2C

F1
71
39

A4

94
C
5

d) Elaborate how Accounting Standard and accounting disclosure are interrelated (07)
71
8

E
A2

04
A8

8B

68
18

26

2C
39
5F

A4
7

4
C

6E
A2

04
A8

Q 5) a) Mention the role of SEBI in corporate governance (08)

8B

68
18

42
39
5F
1

A4
87
C

b) Explain types of corruption and measures to reduce corruption (07)

1F

89
A2

04
A8

8B

18
C7

46

OR
39
5F
1

87
4C
1F

8A
E2

A2
A8

Q 5) Write short notes on :- (Any 3) (15)

8B
0
C7

71
39
5F
1

i. Zero tolerance of corruption

4C
1F
E2

B8
A2
A8

90
C7

ii. IRDAI
6

C8
5F
1
42

3
1F
E2

A2

iii. Audit Committee

04
A8
89

C7
6

39
5F
46

1
42

iv. Unethical behaviour in business

1F
E2

A2
A8
8A

89

v. Ethical issues in Perfect competition market

C7
6

5F
46

1
42

1F
E2

______________
A8
A

89

C7
18

6
46

F1
42
87

E2
A

71
89
8B

18

42582 Page 2 of 2
2C
46

42
87
4C

89

6E
8B

18

46

42
87
4C

4C8B8718A4689426E2C71F1A85FA2390
8B

68
18