FINAL ANSWER KEY
Paper: Eletricty Act 2003,Companies Act and Rules
Medium of Question: English
Date of Examination 07-03-2019
Question1:-Provision for calling extraordinary general meeting of a company is specified in _______ of Companies Act, 2013. A:-Section 101
B:-Section 100
C:-Section 95
D:-Section 96
Correct Answer:- Option-B
Question2:-Central advisory committee shall consists of not more than ________ members
A:-31
B:-25
C:-5
D:-11
Correct Answer:- Option-A
Question3:-In a government company's the comptroller and auditor-general of India shall have a right to conduct a supplementary audit of the financial statemthe date of receipt of the audit report
A:-15
B:-60
C:-30
D:-25
Correct Answer:- Option-B
Question4:-KSERC contains ______________ members including chairman.
A:-Two
B:-Three
C:-Five
D:-Six
Correct Answer:- Option-B
Question5:-Constitution of Corporate Social Responsibility Committee is prescribed in ____________ of Companies Act, 2013 A:-Section 129
B:-Section 135
C:-Section 137
D:-Section 130
Correct Answer:- Option-B
Question6:-Powers and duties of auditors is specified in __________ of companies Act, 2013
A:-Section 143
B:-Section 145
C:-Section 142
D:-Section 140
Correct Answer:- Option-A
Question7:-Every company shall keep and maintain registers of members as per ___________ of Companies Act, 2013 A:-Section 80
B:-Section 78
C:-Section 85
D:-Section 88
Correct Answer:- Option-D
Question8:-________________means the System of wires and associated facilities between the delivery points on the transmission lines or the generating stainstallation of the consumers
A:-Transmission system
B:-Grid
C:-Distribution system
D:-Overhead lines
Correct Answer:- Option-C
Question9:-Contribution to charitable funds shall not exceed ___________ per cent of company's average net profits for the three immediately preceding finan A:-2.5
B:-7.5
C:-5
D:-10
Correct Answer:- Option-C
Question10:-Non-discriminatory provision for the use of transmission lines or distribution system by any licensee or consumer or a person engaged in generatithe Appropriate Commission is called ____________.
A:-Scheduling
B:-Trading
C:-Open Access
D:-Distribution
Correct Answer:- Option-C
Question11:-SERC determines tariff in accordance with provisions of _______________ of Electricity Act, 2003.
A:-Section 50
B:-Section 65
C:-Section 62
D:-Section 60
Correct Answer:- Option-C
Question12:-Electricity Supply Code is specified under __________________of Electricity Act, 2003.
A:-Section 39
B:-Section 50
C:-Section38
D:-Section 100
Correct Answer:- Option-B
Question13:-Other businesses of distribution licensees are specified under ___________ of Electricity Act,2003.
A:-Section 45
B:-Section 51
C:-Section 55
D:-Section 60
Correct Answer:- Option-B
Question14:-The Centre established under section 26 of Electricity Act, 2003 is ___________.
A:-National Load Despatch Centre
B:-Regional Load Despatch Centre
C:-Grid
D:-State Load Despatch Centre
Correct Answer:- Option-A
Question15:-Which chapter of the Companies Act, 2013 specify accounts of companies
A:-Chapter VII
B:-Chapter VIII
C:-Chapter IX
D:-Chapter X
Correct Answer:- Option-C
Question16:-Which section of the Companies Act, 2013 allows a member of a company to appoint another person as a proxy to attend and vote at the meeting A:-Section 101
B:-Section 100
C:-Section 105
D:-Section 106
Correct Answer:- Option-C
Question17:-Duties of generating companies is specified under ___________ of Electricity Act, 2003.
A:-Section 8
B:-Section 5
C:-Section 9
D:-Section 10
Correct Answer:- Option-D
Question18:- Conversion of companies is specified in ___________ of Companies Act, 2013
A:-Section 10
B:-Section 14
C:-Section 13
D:-Section 18
Correct Answer:- Option-D
Question19:-A committee established by the Central Government for a specified region for facilitating the integrated operation of the power systems in that reg A:-State Power Committee
B:-Utility
C:-Regional Power Committee
D:-State Commission
Correct Answer:- Option-C
Question20:-____________shall undertake transmission of electricity through intra -State transmission system
A:-NLDC
B:-State Transmission Utility
C:-RLDC
D:-SLDC
Correct Answer:- Option-B
Question21:-Grid Code is specified by the Central Commission under ____________of Electricity Act,2003.
A:-Section 84
B:-Section 83
C:-Section 78
D:-Section 79
Correct Answer:- Option-D
Question22:-National Electricity Plan is notified once in ___________ years
A:-Two
B:-Three
C:-Five
D:-Six
Correct Answer:- Option-C
Question23:-Provision of subsidy by State Government to any or class of consumers in the tariff determined by SERC is specified in _________ of Electricity Ac A:-Section 55
B:-Section 65
C:-Section 70
D:-Section 50
Correct Answer:- Option-B
Question24:-Corporate Social Responsibility Committee of the Board shall consist of _____ or more directors.
A:-4
B:-2
C:-3
D:-1
Correct Answer:- Option-C
Question25:-Any company in which not less than _______% of the paid-up share capital is held by the Central Government, or by any State Government or Go A:-80
B:-49
C:-75
D:-51
Correct Answer:- Option-D
Question26:-Disconnection of supply in default of payment is specified in _________ of Electricity Act,2003.
A:-Section 50
B:-Section 54
C:-Section 42
D:-Section 56
Correct Answer:- Option-D
Question27:-Provision for circulation of member’s resolution is specified in ____________of Companies Act, 2013.
A:-Section 110
B:-Section 108
C:-Section 105
D:-Section 111
Correct Answer:- Option-D
Question28:-Every company shall file with the Registrar a copy of the annual return, within ______ days from the date on which the annual general meeting is A:-120
B:-30
C:-60
D:-45
Correct Answer:- Option-C
Question29:-Memorandum of a company is explained in __________ of Companies Act, 2013.
A:-Section 8
B:-Section 5
C:-Section 7
D:-Section 4
Correct Answer:- Option-D
Question30:-The maximum number of companies in which a person can be appointed as a director at the same time shall not exceed _____________. A:-12
B:-20
C:-10
D:-15
Correct Answer:- Option-B
Question31:-State Regulatory Commission is constituted under which section of Electricity Act, 2003?
A:-Section 84
B:-Section 83
C:-Section 81
D:-Section 82
Correct Answer:- Option-D
Question32:-Appointment of managing director of a company is specified in ______ of Companies Act, 2013.
A:-Section 196
B:-Section 195
C:-Section 190
D:-Section 189
Correct Answer:- Option-A
Question33:- The Board of a company having a share capital can call an extraordinary general meeting on requisition made by members who hold not lesscompany as on that date which carries the right of voting.
A:-One-tenth
B:-One-fifth
C:-One-third
D:-One-half
Correct Answer:- Option-A
Question34:-Vesting of property of KSE Board in State Government was done under _______ of Electricity Act, 2003.
A:-Section 125
B:-Section 131
C:-Section 135
D:-Section 150
Correct Answer:- Option-B
Question35:-Alteration of Memorandum is specified in ____________ of of Companies Act, 2013.
A:-Section 10
B:-Section 14
C:-Section 13
D:-Section 18
Correct Answer:- Option-C
Question36:-Any electric supply line through which electricity is supplied to a single consumer either from a distributing main or immediately from the Distributi________________
A:-Service line
B:-Tie line
C:-Transmission line
D:-Main
Correct Answer:- Option-A
Question37:-A process which simultaneously produces two or more forms of useful energy is called _______________. A:-Captive generation
B:-Co generation
C:-Conservation
D:-Wheeling
Correct Answer:- Option-B
Question38:-National Electricity Plan is prepared by ___________.
A:-Central Electricity Regulatory Commission
B:-Central Electricity Authority
C:-Central Government
D:-National Load Despatch Centre
Correct Answer:- Option-B
Question39:-Central Advisory Committee is constituted under ____________ of Electricity Act,2003.
A:-Section 75
B:-Section 65
C:-Section 70
D:-Section 80
Correct Answer:- Option-D
Question40:- In a Government company, the Comptroller and Auditor-General of India shall appoint an auditor within a period of _____ days from the commen A:-120
B:-60
C:-180
D:-90
Correct Answer:- Option-C
Question41:-In a private company, _______ members personally present, shall he the quorum for a meeting of the company. A:-4
B:-2
C:-5
D:-1
Correct Answer:- Option-B
Question42:-A company shall, on and from the _______ day of its incorporation have a registered office capable of receiving and acknowledging all communica A:-15th
B:-30th
C:-7th
D:-60th
Correct Answer:- Option-A
Question43:-An instrument in the form of a depository receipt created by a foreign depository outside India and authorised by a company making an issue of s A:-Global Depository Receipt
B:-Indian Depository Receipt
C:-Foreign Depository Receipt
D:-Security Deposit
Correct Answer:- Option-A
Question44:-Duties of a company to register charges is explained in ________ of Companies Act,20l3.
A:-Section 77
B:-Section 78
C:-Section 80
D:-Section 84
Correct Answer:- Option-A
Question45:-Constitution of National Financial Reporting Authority is prescribed in __________ of Companies Act, 2013. A:-Section 129
B:-Section 132
C:-Section 125
D:-Section 130
Correct Answer:- Option-B
Question46:-Articles of a company is explained in ______ of Companies Act, 2013.
A:-Section 4
B:-Section 5
C:-Section 7
D:-Section 8
Correct Answer:- Option-B
Question47:-Joint Commission is constituted under ______ of Electricity Act, 2003.
A:-Section 84
B:-Section 83
C:-Section78
D:-Section 80
Correct Answer:- Option-B
Question48:-Appellate Tribunal is established under _______ of Electricity Act,2003.
A:-Section 105
B:-Section 110
C:-Section 111
D:-Section 109
Correct Answer:- Option-B
Question49:-A person appointed by the Appropriate Government under section 162 of Electricity Act, 2003 is called _________. A:-Licensee
B:-Bulk Licensee
C:-Local Authority
D:-Electrical Inspector
Correct Answer:- Option-D
Question50:-Eligibility, qualifications and disqualifications of auditors is specified in _________ of Companies Act, 2013. A:-Section 141
B:-Section 138
C:-Section 142
D:-Section 140
Correct Answer:- Option-A
Question51:-Which section of the Companies Act, 2013 gives powers to the Central Government to prescribe accounting standards? A:-Section 129
B:-Section 132
C:-Section 130
D:-Section 133
Correct Answer:- Option-D
Question52:-The first annual general meeting of a company shall be held within a period of _____ months from the date of closing of the first financial year of t A:-9
B:-12
C:-6
D:-2
Correct Answer:- Option-A
Question53:-A power plain set up by any person to generate electricity primarily for his own use is called __________.
A:-Captive generating plant
B:-Sub-station
C:-Electrical plant
D:-Utility
Correct Answer:- Option-A
Question54:-The total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director in respect of
of the net profits of that company for that financial year
A:-5
B:-11
C:-10
D:-7.5
Correct Answer:- Option-B
Question55:-A general meeting of a company may be called by giving not less than clear ________ days notice.
A:-15
B:-14
C:-21
D:-20
Correct Answer:- Option-C
Question56:-Removal and resignation of auditor is prescribed under ______ of Companies Act, 2013.
A:-Section 140
B:-Section 138
C:-Section 132
D:-Section 135
Correct Answer:- Option-A
Question57:-Alteration of Articles is specified in ______ of Companies Act, 2013.
A:-Section 10
B:-Section 14
C:-Section 13
D:-Section 18
Correct Answer:- Option-B
Question58:-Electricity system set-up to generate power and distribute electricity in a specified area without connection to the grid is called ____________. A:-Stand alone system
B:-Power system
C:-Captive generation
D:-Utility
Correct Answer:- Option-A
Question59:-An electric line which is placed above the ground and in the open air called _______.
A:-Overhead line
B:-Service lines
C:-Transmission lines
D:-Tie-line
Correct Answer:- Option-A
Question60:-A public company shall have a minimum of _______________ directors.
A:-4
B:-3
C:-2
D:-1
Correct Answer:- Option-B
Question61:-Every company creating a charge on its property or assets is required to register the particulars of the charge signed by the company with the Reg A:-120
B:-45
C:-30
D:-25
Correct Answer:- Option-C
Question62:-High voltage backbone system of inter-connected transmission lines, sub-stations and generating plants is called ___________. A:-Power system
B:-Overhead lines
C:-Distribution system
D:-Grid
Correct Answer:- Option-D
Question63:-The company shall furnish to the Registrar verification of its registered office within a period of _______ days of its incorporation. A:-120
B:-45
C:-50
D:-30
Correct Answer:- Option-D
Question64:-Prohibition on insider trading of securities is specified in ______ of Companies Act, 2013.
A:-Section 195
B:-Section 194
C:-Section 188
D:-Section 190
Correct Answer:- Option-A
Question65:-Any system for the conveyance of energy by means of a main transmission line from the territory of one State to another State is called _______ A:-Inter-State Transmission System
B:-Grid
C:-Main Transmission Lines
D:-Electricity System
Correct Answer:- Option-A
Question66:-‘Consumer’ is defined under which section of Electricity Act?
A:-Section 2 (15)
B:-Section 2 (12)
C:-Section 2 (18)
D:-Section 2 (11)
Correct Answer:- Option-A
Question67:-“Central Transmission Utility” means any Government company which the Central Government may notify under _________of Electricity Act,2003. A:-Section 39
B:-Section 38
C:-Section 45
D:-Section 100
Correct Answer:- Option-B
Question68:-Cost Audit is conducted under _____ of Companies Act, 2013.
A:-Section 140
B:-Section 145
C:-Section 142
D:-Section 148
Correct Answer:- Option-D
Question69:-An operation whereby the distribution system and associated facilities of a transmission licensee or distribution licensee, as the case may be, are uelectricity on payment of charges is called ______________.
A:-Scheduling
B:-Trading
C:-Wheeling
D:-Open Access
Correct Answer:- Option-C
Question70:-Appellate Tribunal shall consist of a Chairperson and ______________ other Members.
A:-3
B:-5
C:-2
D:-7
Correct Answer:- Option-A
Question71:-Licence is granted under _________of Electricity Act,2003.
A:-Section 10
B:-Section 8
C:-Section 18
D:-Section 14
Correct Answer:- Option-D
Question72:-‘Electricity’ is defined under ________of Electricity Act, 2003.
A:-Section 2(15)
B:-Section 2(23)
C:-Section 2(22)
D:-Section 2(24)
Correct Answer:- Option-B
Question73:-National Electricity Plan is notified under __________ of Electricity Act, 2003
A:-Section 9
B:-Section 5
C:-Section 10
D:-Section 3
Correct Answer:- Option-D
Question74:-An electric line or cable of a nominal voltage as may be specified by the Authority from time-to-time is called _____________. A:-High Voltage line
B:-Overhead line
C:-Transmission lines
D:-Tie-line
Correct Answer:- Option-A
Question75:-A person authorised by a distribution licensee to distribute electricity on its behalf in a particular area within his area of supply is called ________ A:-Licensee
B:-Bulk Licensee
C:-Franchisee
D:-Local Authority
Correct Answer:- Option-C
Question76:-____________ means any reduction in consumption of electricity as a result of increase in the efficiency in supply and use of electricity A:-Conservation
B:-Efficiency
C:-Savings
D:-Load shedding
Correct Answer:- Option-A
Question77:-Not more than ___________days shall intervene between two consecutive meetings of the Board of Directors of a company. A:-100
B:-160
C:-90
D:-120
Correct Answer:- Option-D
Question78:-Every company shall hold the first meeting of the Board of Directors within ___________ days of the date of its incorporation A:-14
B:-30
C:-60
D:-45
Correct Answer:- Option-B
Question79:-Disqualifications for appointment of director is specified under ____ of Companies Act, 2013.
A:-Section 164
B:-Section 162
C:-Section 160
D:-Section 152
Correct Answer:- Option-A
Question80:-‘CERC’ consists of Chairperson and ________ other members.
A:-2
B:-1
C:-4
D:-3
Correct Answer:- Option-D
Question81:-A private company shall have a minimum of ____________directors.
A:-4
B:-2
C:-3
D:-1
Correct Answer:- Option-B
Question82:-Every company shall hold a minimum number of ___________ meetings of its Board of Directors every year. A:-1
B:-2
C:-3
D:-4
Correct Answer:- Option-D
Question83:-A person who has been granted a licence to undertake trading in electricity is called ___________.
A:-Licensee
B:-Bulk Licensee
C:-Electricity trader
D:-Utility
Correct Answer:- Option-C
Question84:- Provision for holding Annual General Meeting of a company is specified in ___________ of Companies Act, 2013. A:-Section 90
B:-Section 98
C:-Section 94
D:-Section 96
Correct Answer:- Option-D
Question85:-Financial statement of a company does not include _____________.
A:-Balance Sheet
B:-Profit and Loss Account
C:-Cash Flow statement
D:-Memorandum
Correct Answer:- Option-D
Question86:-Which section of the Companies Act, 2013 prescribes filing of Annual Return of the company on the close of the financial year? A:-Section 92
B:-Section 90
C:-Section 88
D:-Section 87
Correct Answer:- Option-A
Question87:-Appointment of director elected by small shareholders in a listed company is specified in _____ of Companies Act, 2013. A:-Section 151
B:-Section 150
C:-Section 148
D:-Section 145
Correct Answer:- Option-A
Question88:-The Audit Committee shall consist of a minimum of ____________ directors.
A:-1
B:-2
C:-3
D:-4
Correct Answer:- Option-C
Question89:-Electric supply-line for point to point transmission which are required for the purpose of connecting electric lines or electric plants of a captive genstations or generating stations, or the load centre is called __________________.
A:-Tie-Line
B:-Grid
C:-Dedicated Transmission Lines
D:-High Voltage Lines
Correct Answer:- Option-C
Question90:-Formulation of companies with charitable objects are specified in _________ of Companies Act, 2013.
A:-Section 4
B:-Section 5
C:-Section 7
D:-Section 8
Correct Answer:- Option-D
Question91:-Purchase of electricity for resale is called ___________.
A:-Open Access
B:-Trading
C:-Scheduling
D:-Distribution
Correct Answer:- Option-B
Question92:-Appointment of internal auditor is specified under ______ of Companies Act, 2013.
A:-Section 130
B:-Section 132
C:-Section 138
D:-Section 135
Correct Answer:- Option-C
Question93:-Audit committee is constituted under _________ of Companies Act, 2013
A:-Section 177
B:-Section 170
C:-Section 172
D:-Section 175
Correct Answer:- Option-A
Question94:-__________ exercise supervision and control over the Inter-State transmission system.
A:-NLDC
B:-SLDC
C:-RLDC
D:-SERC
Correct Answer:- Option-C
Question95:- An action to be taken at a given time at which information about the electricity system is made available to the concerned Load Despatch Centre i A:-Open Access
B:-Scheduling
C:-Trading
D:-Real time operation
Correct Answer:- Option-D
Question96:-Duties of distribution licensee is specified under _______ of Electricity Act, 2003.
A:-Section 48
B:-Section 44
C:-Section 42
D:-Section 50
Correct Answer:- Option-C
Question97:-A licensee authorised to operate and maintain a distribution system for supplying electricity to the consumers in his area of supply is called _____ A:-Franchisee
B:-Licensee
C:-Distribution Licensee
D:-Local Authority
Correct Answer:- Option-C
Question98:-First auditor of a company, other than a Government company, shall be appointed by the Board of Directors within _____ days from the date of re A:-15
B:-60
C:-30
D:-25
Correct Answer:- Option-C
Question99:-Every listed public company shall have at least ________ of the total number of directors as independent directors. A:-One-tenth
B:-One-fifth
C:-One-third
D:-One-half
Correct Answer:- Option-C
Question100:-Central Electricity Authority shall consists of not more than _________ members.
A:-15
B:-12
C:-17
D:-14
Correct Answer:- Option-D