FINAL ANSWER KEY
Paper: Eletricity Act 2003,Companies Act and Rules
Date of Test 29-04-2022
Question1:-A power plant set up by any co-operative society or association of persons for generating electricity primarily for use of members of such
cooperative society or association is knows as
A:-Captive generating plant
B:-Independent generating plant
C:-Small generating plant
D:-None of the above
Correct Answer:- Option-A
Question2:-Any reduction in consumption of electricity as a result of increase in the efficiency in supply and use of electricity is called
A:-Savings
B:-Auditing
C:-Conservation
D:-None of the above
Correct Answer:- Option-C
Question3:-The non-discriminatory provision for the use of transmission lines or distribution system or associated facilities by any licensee engaged
in generation is called
A:-trading
B:-Open access
C:-Franchising
D:-Dispatching
Correct Answer:- Option-B
Question4:-License is not required for
A:-Trading
B:-Distribution
C:-Transmission
D:-Generation
Correct Answer:- Option-D
Question5:-The high voltage backbone system of inter-connected transmission lines, sub-stations and generating plants is
A:-Corridor
B:-Grid
C:-Network
D:-All of the above
Correct Answer:- Option-B
Question6:-The National Electricity Policy is prepared
A:-Central Government
B:-Central Electricity Authority
C:-Central Electricity Regulatory Commission
D:-None of the above
Correct Answer:- Option-A
Question7:-The electricity system set-up to generate power and distribute electricity in a specified area without connection to the grid
A:-On Grid System
B:-Independent system
C:-Distribution system
D:-Stand alone system
Correct Answer:- Option-D
Question8:-It is the responsibility of _________ to provide access to electricity to all areas including villages and hamlets through rural electricity
infrastructure and electrification of households.
A:-State Government
B:-Central Government
C:-Both (1) and (2)
D:-Distribution licencee
Correct Answer:- Option-C
Question9:-Every person, who has constructed a captive generating plant and maintains and operates such plant, shall have the right to
A:-Open access
B:-Wheeling
C:-Transmission
D:-Trading
Correct Answer:- Option-A
Question10:-A distribution licensee shall not require a licence to undertake
A:-Transmission in electricity
B:-Trading in electricity
C:-Both (1) and (2)
D:-None of the above
Correct Answer:- Option-B
Question11:-When a notice is published for license, objection if any shall be filed before the Commission within __________ from the date of the
publication of the notice.
A:-Seven days
B:-Fifteen days
C:-Thirty days
D:-Sixty days
Correct Answer:- Option-C
Question12:-Unless revoked, a license shall continue to be in force for a period of
A:-5 years
B:-10 years
C:-20 years
D:-25 years
Correct Answer:- Option-D
Question13:-If the licence of the distribution licencee is revoked, it shall be sold within a period of _______ from the date of revocation of the licence.
A:-Twelve months
B:-Three months
C:-Six months
D:-Eighteen months
Correct Answer:- Option-A
Question14:-The National Load Despatch Centre shall not be operated by
A:-A Government company
B:-An Authority constituted by any Central Act
C:-A central government Corporation
D:-A private company
Correct Answer:- Option-D
Question15:-The State Load Despatch centre shall not be responsible for
A:-Optimum scheduling and despatch of electricity
B:-Control over the inter-state transmission system
C:-Monitor grid operations
D:-Keep accounts of the quantity of electricity transmitted
Correct Answer:- Option-B
Question16:-Central Transmission Utility shall not engage in the business of
A:-Generation of electtricity
B:-Trading in electricity
C:-Both (1) and (2)
D:-Distribution of electricity
Correct Answer:- Option-C
Question17:-The transmission licensee shall utilise the surcharge collected from open access for meeting the
A:-Fixed charges
B:-AT and C loss compensation
C:-Current level cross-subsidy
D:-Transmission charges
Correct Answer:- Option-C
Question18:-Ombudsman is appointed or designated by the
A:-National Commission
B:-State Government
C:-Appellate Tribunal
D:-State Commission
Correct Answer:- Option-D
Question19:-As per Section 43, if no extension is required, when an owner applies for electric connection, the distribution licensee shall give supply
to his premises within ___________ after receipt of the application.
A:-Two weeks
B:-One month
C:-Two months
D:-None of the above
Correct Answer:- Option-B
Question20:-The electricity Supply code deals with
A:-Recovery of electricity charges
B:-Measures for preventing tampering
C:-Disconnection of supply of electricity
D:-All of the above
Correct Answer:- Option-D
Question21:-A proportion of the revenues derived from other business of the Distribution licensee shall be utilised for reducing its
A:-Wheeling charges
B:-Surcharges
C:-Cross subsidy charges
D:-Fixed charges
Correct Answer:- Option-A
Question22:-No person other than a licensee shall use electricity at a rate exceeding 250 Watts and 100 Volts in any place where _________ are likely
to be assembled.
A:-50 or more person
B:-100 or more persons
C:-150 or more persons
D:-200 or more persons
Correct Answer:- Option-B
Question23:-The Standards of Performance of a class of licensees is specified by the
A:-Appropriate Govenment
B:-Central Electricity Authority
C:-Appropriate Commission
D:-Distribution Licensee
Correct Answer:- Option-C
Question24:-While determining tariff, the Appropriate Commission may differentiate the consumers according to their
A:-Load factor
B:-Power factor
C:-Voltage level
D:-All of the above
Correct Answer:- Option-D
Question25:-When a licensee files a tariff petition, the Appropriate Commission shall accept or reject it within a period of
A:-120 days from the date of receipt
B:-90 days from the date of receipt
C:-30 days from the date of receipt
D:-60 days from the date of receipt
Correct Answer:- Option-A
Question26:-A licensee shall issue notice to telegraph authority before laying down or placing, any electrical plant within ___________ of any
telegraph line.
A:-25 meters
B:-20 meters
C:-15 meters
D:-10 meters
Correct Answer:- Option-D
Question27:-The Central Electricity Authority shall consist of not more than
A:-21 Members
B:-14 members
C:-12 members
D:-8 members
Correct Answer:- Option-B
Question28:-Which of the following is not a function of CEA?
A:-Advice the Central Government
B:-Specify the technical standards
C:-Specify Grid code
D:-Specify the Grid Standards
Correct Answer:- Option-C
Question29:-The Convenor of Selection committees constituted for selecting the Members of the Central Commission is
A:-Member of the Planning Commission in charge of the energy sector
B:-Secretarty-in-charge of the Ministry dealing with the Legal Affairs
C:-Chairperson of the Public Enterprises Selection Board
D:-Secretary-in-charge of the Ministry dealing with power
Correct Answer:- Option-D
Question30:-Who of the following is the ex-officio Member of the central Commission?
A:-Chairperson of APTEL
B:-Secretary, MoP
C:-Chairperson of the CEA
D:-Chairperson , FoR
Correct Answer:- Option-C
Question31:-The Selection Committee for Central Commission shall recommend a panel of _________names for every vacancy referred to it.
A:-Two
B:-Three
C:-Four
D:-Five
Correct Answer:- Option-A
Question32:-The Central Advisory Committee is established by
A:-CEA
B:-CERC
C:-APTEL
D:-None of the above
Correct Answer:- Option-B
Question33:-The Chairperson of the Selection Committee for State Commission is
A:-A person who has been a Judge of the High Court
B:-Chief Secretary of the concerned State
C:-Chairperson of the Authority
D:-Chairperson of the Central Commisison
Correct Answer:- Option-A
Question34:-The State Advisory Committee shall consist of not more than
A:-21 members
B:-14 members
C:-31 members
D:-18 members
Correct Answer:- Option-A
Question35:-If a member of a Commission ceases his office, he shall not accept any commercial employment for a period of
A:-One year
B:-Two years
C:-Three years
D:-Four years
Correct Answer:- Option-B
Question36:-The Central Commission shall be guided by directions in matters of policy involving public interest as the Central Government may give
to it in writing. This is as per
A:-Section 106
B:-Section 107
C:-section 108
D:-Section 109
Correct Answer:- Option-B
Question37:-Any person aggrieved by an order made by ____________ may prefer an appeal to the Appellate Tribunal for Electricity
A:-An adjudicating officer
B:-State Commission
C:-Central Commission
D:-Any of the above
Correct Answer:- Option-D
Question38:-Appeal to Appellate Tribunal for Electricity shall be filed within a period of _________ from the date on which a copy of the order is
received.
A:-30 days
B:-45 days
C:-60 days
D:-90 days
Correct Answer:- Option-B
Question39:-If the period of unauthorised use of electricity could not be ascertained, then period shall be limited to
A:-Three months
B:-Six months
C:-Twelve months
D:-Eighteen months
Correct Answer:- Option-C
Question40:-When an objection is filed against provisional assessment, the assessing officer shall after hearing the person pass a final order of
assessment within ________ from the date of service such a provisional order.
A:-30 days
B:-7 days
C:-15 days
D:-45 days
Correct Answer:- Option-A
Question41:-Any person aggrieved by the final order made under section 126 may prefer an appeal to an appellate authority within __________ of the
final order.
A:-7 days
B:-10 days
C:-20 days
D:-30 days
Correct Answer:- Option-D
Question42:-The Section that deals with the provisions relating to officers and employees of Board consequent to its reorganisation
A:-Section 131
B:-Section 132
C:-Section 133
D:-Section 134
Correct Answer:- Option-C
Question43:-The fine for theft of electricity for the first conviction, where the load abstracted does not exceed 10 KW is
A:-3 times the financial gain
B:-6 times the financial gain
C:-4 times the financial gain
D:-5 times the financial gain
Correct Answer:- Option-A
Question44:-Theft of electric lines and materials is an offence and shall be punishable with imprisonment for a term which may extend to
A:-One year
B:-Three years
C:-Two years
D:-Four years
Correct Answer:- Option-B
Question45:-The section that describes the punishment for negligently breaking or damaging works is
A:-Section 138
B:-Section 139
C:-Section 140
D:-Section 141
Correct Answer:- Option-B
Question46:-The compounding rate prescribed for an industrial consumer is
A:-Rs. 20,000/- per KW
B:-Rs. 10,000/- per KW
C:-Rs. 2,000/- per KW
D:-Rs. 4,000/- per KW
Correct Answer:- Option-A
Question47:-Civil courts have no jurisdiction to entertain any suit or proceeding in respect of any matter connected with
A:-Section 121
B:-Section 122
C:-Section 126
D:-Section 132
Correct Answer:- Option-C
Question48:-The loss or damage incurred by the Board or licensee or the concerned person due to the commission of an offence referred to in
sections 135 to 139 is called
A:-Civil liability
B:-Criminal liability
C:-Loss liability
D:-None of the above
Correct Answer:- Option-A
Question49:-The Appropriate Government appoint duly qualified persons to be Chief Electrical Inspector or Electrical Inspectors as per
A:-Section 161
B:-Section 162
C:-Section 163
D:-Section 164
Correct Answer:- Option-B
Question50:-The forum of Regulators shall be constituted by the
A:-Central Electricity Regulatory Commission
B:-Central Electricity Authority
C:-Central Government
D:-Appellate Tribunal for Electricity
Correct Answer:- Option-C
Question51:-The Central Government may make rules for carrying out the provisions of the Electricity Act as per
A:-Section 176
B:-Section 177
C:-Section 178
D:-Section 179
Correct Answer:- Option-A
Question52:-If any difficulty in giving effect to the provisions of the Electricity Act, the Central Government may can remove such inconsistencies
before the expiry of ___________ from the date of commencement of the Act.
A:-One year
B:-Two years
C:-Three years
D:-Four years
Correct Answer:- Option-B
Question53:-The most important document of a company is its
A:-Prospectus
B:-Annual Report
C:-Memorandum of association
D:-Articles of association
Correct Answer:- Option-C
Question54:-The rules and regulations for the internal management of a company are contained in its
A:-Articles of association
B:-Prospectus
C:-Annual Report
D:-Memorandum of association
Correct Answer:- Option-A
Question55:-The financial statement in relation to a company includes
A:-Balance sheet
B:-Profit and loss account
C:-Cash flow statement
D:-All of the above
Correct Answer:- Option-D
Question56:-_________ includes an engineer, a valuer, a chartered accountant, a company secretary, a cost accountant and any other person who
has the power or authority to issue a certificate in pursuance of any law.
A:-Expert
B:-Director
C:-Officer
D:-Chief Executive Officer
Correct Answer:- Option-A
Question57:-The minimum number of person required to form a Private limited company is
A:-Seven
B:-Five
C:-Four
D:-Two
Correct Answer:- Option-D
Question58:-The Registrar of Companies may reserve the name of company for a period of _________ from the date of the application.
A:-30 days
B:-20 days
C:-60 days
D:-45 days
Correct Answer:- Option-B
Question59:-A company shall have a registered office capable of receiving and acknowledging all communications and notices addressed to it within
________ of its incorporation.
A:-15 days
B:-20 days
C:-30 days
D:-45 days
Correct Answer:- Option-C
Question60:-The relationship between the company and its members is defined in
A:-Statutory Declaration
B:-Memorandum of Association
C:-Directors Undertakings
D:-Articles of Association
Correct Answer:- Option-D
Question61:-Maximum number of members in case of public company is
A:-50
B:-100
C:-200
D:-Unlimited
Correct Answer:- Option-D
Question62:-A private company can start its business immediately after the issue of
A:-Certificate of commencement of Business
B:-Certificate of Incorporation
C:-Certificate of Registration
D:-None of the above
Correct Answer:- Option-B
Question63:-Which of the following need not have Memorandum of Association
A:-Statutory Corporation
B:-Public Company
C:-Private Company
D:-Government Company
Correct Answer:- Option-A
Question64:-The nationality of a company is decided by its
A:-Place at books of accounts are kept
B:-Shareholders
C:-Registered office
D:-None of the above
Correct Answer:- Option-C
Question65:-A company will be reckoned a foreign company, if the company is
A:-Established outside India and has a place of business in India
B:-Incorporated outside India having shareholders who are all Indian citizens and having its business outside India
C:-Incorporated in India but having all foreign shareholders
D:-Both (1) and (2)
Correct Answer:- Option-A
Question66:-A company may hold its first annual general meeting within
A:-6 months from the date of incorporation
B:-9 months from the date of incorporation
C:-12 months from the date of incorporation
D:-15 months from the date of incorporation
Correct Answer:- Option-B
Question67:-A general body meeting of a company may be called by giving notice of not less than clear
A:-14 days
B:-21 days
C:-25 days
D:-30 days
Correct Answer:- Option-B
Question68:-When can an annual General meeting be called giving shorter notice than that specified?
A:-If consent is accorded to by more than 50% of the members entitled to vote
B:-If board of Directors takes a majority decision in this regard
C:-If consent is accorded to by 95% of the members entitled to vote
D:-If the company secretary so wishes
Correct Answer:- Option-C
Question69:-Quorum for general meeting for public companies if the number of members exceeds five thousand
A:-Two
B:-Five
C:-Fifteen
D:-Thirty
Correct Answer:- Option-D
Question70:-Minutes of company meeting should be prepared within
A:-30 days of the meeting
B:-21 days of meeting
C:-15 days of the meeting
D:-7 days of the meeting
Correct Answer:- Option-A
Question71:-A proxy can vote in case of a
A:-Poll
B:-Meeting
C:-Both (1) and (2)
D:-None of the above
Correct Answer:- Option-C
Question72:-What is NERA?
A:-National Financial Restructuring Authoity
B:-National Financial Reporting Authority
C:-National Financial Reporting Agency
D:-National Financial Regulatory Authority
Correct Answer:-Question Cancelled
Question73:-The liability of members if company is limited guarantee.
A:-Guarantee amount
B:-Unpaid value of shares
C:-Unlimited liability
D:-None of the above
Correct Answer:- Option-A
Question74:-Registrar may on application by the company, allow the registration of charge within
A:-400 days
B:-300 days
C:-200 days
D:-100 days
Correct Answer:- Option-B
Question75:-The standards of accounting or any addendum there to is prescribed by the
A:-State Government
B:-Registrar of Companies
C:-Chartered Accountants of India
D:-Central Government
Correct Answer:- Option-D
Question76:-A company has to constitute a Corporate Social Responsibility Committee, if net worth is
A:-Rs. 5 crore or more
B:-Rs. 200 crore or more
C:-Rs. 500 crore or more
D:-Rs. 1,000 crore or more
Correct Answer:- Option-C
Question77:-The minimum amount to be spend by a company towards Corporate Social Responsibility is
A:-Three per cent of the average net profits
B:-Two per cent of the average turnover
C:-Two per cent of the average net profits
D:-Three per cent of the average net worth
Correct Answer:- Option-C
Question78:-No listed company shall appoint or re-appoint an individual as auditor for more than ___________ of five consecutive years.
A:-One term of five consecutive years
B:-Two term of five consecutive years
C:-One term of four consecutive years
D:-Three term of five consecutive years
Correct Answer:- Option-A
Question79:-From the date of registration, the first auditor of a company, other than a Government company, shall be appointed by the Board of
Directors within
A:-Ninety days
B:-Sixty days
C:-Thirty days
D:-None of the above
Correct Answer:- Option-C
Question80:-The following person shall not be eligible for appointment as an auditor of a company
A:-Employee
B:-Partner
C:-Relative of a Director
D:-All of the above
Correct Answer:- Option-D
Question81:-The minimum number of directors required in Private Company
A:-One
B:-Two
C:-Three
D:-Four
Correct Answer:- Option-B
Question82:-Every company shall have at least one director who stays in India for a total period of not less than
A:-182 days during the current financial year
B:-182 days in previous calendar year
C:-182 days in previous financial year
D:-182 days in current calendar year
Correct Answer:- Option-A
Question83:-Every listed public company shall have at least _________ of the total number of directors as independent directors
A:-Two-third
B:-One-fourth
C:-One-tenth
D:-One-third
Correct Answer:- Option-D
Question84:-On completion of 2 terms, an Independent Director can get appointed as Independent Director only after a gap of
A:-2 years
B:-3 years
C:-5 years
D:-10 years
Correct Answer:- Option-B
Question85:-Independent Director means a director other than
A:-Managing Director
B:-Whole Time Director
C:-Nominee Director
D:-All of the above
Correct Answer:- Option-D
Question86:-The validity of an allotted DIN is
A:-Lifetime
B:-15 years
C:-20 years
D:-Until qualified otherwise
Correct Answer:- Option-A
Question87:-A Director who fails to attend all Board Meetings for a period of 12 months without leave of absence shall be
A:-Disqualifies u/s 164
B:-Vacate office u/s 167
C:-Ineligible for reappointment
D:-All of the above
Correct Answer:- Option-B
Question88:-The period within which the Director may inform Registrar about his/her resignation is _________ from date of resignation.
A:-7 days
B:-14 days
C:-30 days
D:-45 days
Correct Answer:- Option-C
Question89:-Every company shall hold the first meeting of the Board of Directors within _________ of the date of its incorporation.
A:-30 days
B:-60 days
C:-90 days
D:-120 days
Correct Answer:- Option-A
Question90:-The gap between two consecutive Board of Directors meetings shall not exceed
A:-180 days
B:-120 days
C:-90 days
D:-60 days
Correct Answer:- Option-B
Question91:-What shall be Quorum if the number of Directors is 13
A:-Two
B:-Three
C:-Four
D:-Five
Correct Answer:- Option-D
Question92:-The documents that a Central Government Company should place before both house of Parliaments
A:-Annual report
B:-Audit report
C:-Comments of CAG
D:-All the above
Correct Answer:- Option-D
Question93:-Government company means any company in which ________ of the paid-up share capital is held by the Government.
A:-Not less than 51%
B:-Not less than 50%
C:-Not less than 49%
D:-Not less than 45%
Correct Answer:- Option-A
Question94:-DIN stands for
A:-Director's Identity Number
B:-Director Information Number
C:-Director Identification Number
D:-None of the above
Correct Answer:- Option-C
Question95:-Which Company restricts the right to transfer its shares as per Section 2(68)?
A:-Government Company
B:-Subsidiary Company
C:-Holding Company
D:-Private Company
Correct Answer:- Option-D
Question96:-Companies are classified into Public Companies, Private Companies and One person Companies on the basis of
A:-Control
B:-Number of members
C:-Size
D:-Liability
Correct Answer:- Option-B
Question97:-A company whose paid-up share capital does not exceed Rs. 50 lakhs or any such higher amounts as may be prescribed which shall not
be more than Rs. 10 crore is called
A:-Small Company
B:-Public Company
C:-Private Company
D:-Subsidiary Company
Correct Answer:- Option-A
Question98:-A company owned and controlled by another company is called
A:-Holding Company
B:-Subsidiary Company
C:-Small Company
D:-None of the above
Correct Answer:- Option-B
Question99:-Section 8 Company means
A:-Holding Company
B:-Subsidiary Company
C:-Charitable Company
D:-All of the above
Correct Answer:- Option-C
Question100:-No dividend is paid to its members by a
A:-Holding Company
B:-Subsidiary Company
C:-Public Company
D:-Charitable Company
Correct Answer:- Option-D